Stefan Mileschin

Steady increase across the board

AMD has posted its fourth quarter and full year financial results, showing a steady growth with a record revenue increase, and, most importantly, a strong increase in profitability.

Reaping the benefits of its Zen-based architecture as well as console deals with both Sony and Microsoft, AMD has reported yet another record quarter with revenue of $3.2 billion, an increase of 16 percent compared to the previous quarter and up by 53 percent compared to the same quarter last year.

Interestingly, gross margin was reported at 45 percent, a single point increase compared to the previous quarter and flat compared tot he same quarter last year.

More importantly, gross profit as well as operating income, operating margin, and net income were all up, marking a strong increase in profitability. AMD reported an operating income of $570 million, up by 64 percent compared to the last year and up by 27 percent compared to the prrevious quarter.

AMD's Q4 2020 net income was reported at $1781 million, which is an impressive increase of 948 percent compared to the last year and up by 357 percent compared to the previous quarter. Earnings per share were reported at $1.45, which is also an increase of 867 percent and 353 percent.

https://fudzilla.com/news/52275-amd-...ancial-results