AMD (NASDAQ:AMD) announced revenue for the fourth quarter of 2020 of $3.24 billion, operating income of $570 million, net income of $1.78 billion, and diluted earnings per share of $1.45.
AMD’s Revenue of $3.24 billion was up 53 percent year-over-year and 16 percent quarter-over-quarter driven by both the Computing and Graphics segment and the Enterprise, Embedded, and Semi-custom segment.
AMD’s Revenue of $9.76 billion was up 45 percent over 2019 driven by significantly higher revenue in both the Computing and Graphics segment and the Enterprise, Embedded, and Semi-Custom segment.
Computing and Graphics segment revenue was $1.96 billion, up 18 percent year-over-year and quarter-over-quarter is primarily driven by strong sales of Ryzen™ processors.
• Client processor average selling price (ASP) was lower year-over-year due to a higher mix of Ryzen mobile processor sales. Client processor ASP was higher quarter-over-quarter driven by Ryzen desktop processor sales.
• Radeon™ graphics product ASPs were higher year-over-year and quarter-over-quarter.
• Operating income was $420 million compared to $360 million a year ago and $384 million in the prior quarter. The year-over-year and quarter-over-quarter increases were primarily driven by higher Ryzen processor sales.
• Enterprise, Embedded, and Semi-Custom segment revenue were $1.28 billion, up 176 percent year-over-year and 13 percent quarter-over-quarter driven by higher semi-custom and EPYC™ processor sales.
For the first quarter of 2021, AMD expects revenue to be approximately $3.2 billion, plus or minus $100 million, an increase of approximately 79 percent year-over-year and down 1 percent sequentially.
For the full year 2021, AMD expects revenue growth of approximately 37 percent over 2020 driven by growth in all businesses.
Source: https://ir.amd.com/
