AMD Reports 9 Percent Revenue Increases, Strong Net Income

- October 30th, 2019

The graphics company saw its revenues reach US$1.80 billion, while operating margins increased to 43 percent and EPS came in at US$0.11.

AMD (NASDAQ:AMD), high-performance computing company announced its third quarter earnings, reporting a nine percent increase in revenues, driven by its computing and graphics divisions. The company reported US$120 million in net income, rising from US$102 million during the same time last year, with earnings per share figures reaching US$0.11.

As quoted in the press release:

Q3 2019 Results

  • Revenue was $1.80 billion, up 9 percent year-over-year and 18 percent quarter-over-quarter due to higher revenue in the Computing and Graphics segment, partially offset by lower revenue in the Enterprise, Embedded and Semi-Custom segment.

  • Gross margin was 43 percent, up 3 percentage points year-over-year and 2 percentage points quarter-over-quarter, primarily driven by increased RyzenTM and EPYCTM processor sales.

  • Operating income was $186 million compared to $150 million a year ago and $59 million in the prior quarter. Non-GAAP operating income was $240 million compared to $186 million a year ago and $111 million in the prior quarter. The year-over-year and sequential increases were primarily due to higher revenue in the Computing and Graphics segment.

  • Net income was $120 million compared to $102 million a year ago and $35 million in the prior quarter. Non-GAAP net income was $219 million compared to $150 million a year ago and $92 million in the prior quarter.

  • Diluted earnings per share was $0.11 compared to $0.09 a year ago and $0.03 in the prior quarter. Non-GAAP diluted earnings per share was $0.18 compared to $0.13 a year ago and $0.08 in the prior quarter.

  • Cash, cash equivalents and marketable securities were $1.2 billion at the end of the quarter.

Click here to read the full press release.

Why are Google and Apple are investing heavily in the gaming market?

 
Read our FREE outlook report on the gaming market!
 

Leave a Reply

Your email address will not be published. Required fields are marked *