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Dec 25, 2021
AMD Q4 2021 Earnings Report
AMD's Q4 2021 financial results were reported, featuring record quarterly revenue and significant year-over-year growth in revenue, operating income, and earnings per share.
Key Takeaways
AMD reported record Q4 2021 revenue of $4.8 billion, a 49% increase year-over-year. Operating income more than doubled, and diluted earnings per share reached $0.80. The company expects continued growth in 2022, driven by its current portfolio and upcoming PC, gaming, and data center products.
AMD's Q4 2021 revenue reached a record $4.8 billion, up 49% year-over-year.
Operating income for Q4 2021 was $1.2 billion, more than doubling from the previous year.
Diluted earnings per share (EPS) for Q4 2021 were $0.80, while non-GAAP EPS was $0.92.
The company's data center revenue doubled year-over-year, driven by increased adoption of AMD EPYC processors.
AMD
AMD
Forward Guidance
For the first quarter of 2022, AMD expects revenue to be approximately $5.0 billion, plus or minus $100 million, an increase of approximately 45 percent year-over-year and approximately 4 percent quarter-over-quarter. AMD expects non-GAAP gross margin to be approximately 50.5 percent in the first quarter of 2022. For the full year 2022, AMD expects revenue to be approximately $21.5 billion, an increase of approximately 31 percent over 2021 driven by growth across all businesses. AMD expects non-GAAP gross margin to be approximately 51 percent for 2022.
Positive Outlook
- Revenue to be approximately $5.0 billion, plus or minus $100 million
- An increase of approximately 45 percent year-over-year
- An increase of approximately 4 percent quarter-over-quarter
- Year-over-year increase is expected to be driven by growth across all businesses
- Non-GAAP gross margin to be approximately 50.5 percent
Challenges Ahead
- Actual results could differ materially depending on market conditions
- The factors set forth under “Cautionary Statement”
- Global economic uncertainty
- Competitive markets in which AMD’s products are sold
- Cyclical nature of the semiconductor industry