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Sep 25, 2021
AMD Q3 2021 Earnings Report
AMD reported record revenue with significant growth in data center sales.
Key Takeaways
AMD announced strong Q3 2021 results, with revenue increasing by 54% year-over-year to $4.3 billion. Operating income doubled, driven by higher revenue in both the Computing and Graphics segment and the Enterprise, Embedded and Semi-Custom segment. The company's growth was fueled by leadership products and consistent execution.
Revenue was $4.3 billion, up 54% year-over-year and 12% quarter-over-quarter.
Gross margin was 48%, up over 400 basis points year-over-year.
Operating income was $948 million, compared to $449 million a year ago.
Diluted earnings per share was $0.75, compared to $0.32 a year ago.
Forward Guidance
For the fourth quarter 2021, AMD expects revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately 39 percent year-over-year and approximately 4 percent quarter-over-quarter. AMD expects non-GAAP gross margin to be approximately 49.5 percent in the fourth quarter 2021.
Positive Outlook
- Revenue to be approximately $4.5 billion, plus or minus $100 million.
- Increase of approximately 39 percent year-over-year.
- Increase of approximately 4 percent quarter-over-quarter.
- Year-over-year increase is expected to be driven by growth across all businesses.
- The quarter-over-quarter increase is expected to be driven by higher server and semi-custom revenue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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