AMD REV $1.93B - EPS GAAP $0.13, non-GAAP $0.18 | AMD Message Board Posts

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Msg  957 of 970  at  7/28/2020 4:22:16 PM  by

jag24


AMD REV $1.93B - EPS GAAP $0.13, non-GAAP $0.18

http://www.globenewswire.com/news-release/2020/07/28/2069033/0/en/AMD-Reports-Second-Quarter-2020-Financial-Results.html

SANTA CLARA, Calif., July 28, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2020 of $1.93 billion, operating income of $173 million, net income of $157 million and diluted earnings per share of $0.13. On a non-GAAP* basis, operating income was $233 million, net income was $216 million and diluted earnings per share was $0.18.

GAAP Quarterly Financial Results

Q2 2020
Q2 2019
Y/YQ1 2020
Q/Q
Revenue ($B)$1.93 $1.53 Up 26%$1.79 Up 8%
Gross margin44% 41% Up 3pp46% Down 2pp
Operating expenses ($M)$675 $562 Up $113$641 Up $34
Operating income ($M)$173 $59 Up $114$177 Down $4
Net income ($M)$157 $35 Up $122$162 Down $5
Earnings per share$0.13 $0.03 Up $0.10$0.14 Down $0.01

Non-GAAP* Quarterly Financial Results

Q2 2020Q2 2019Y/YQ1 2020Q/Q
Revenue ($B)$1.93 $1.53 Up 26%$1.79 Up 8%
Gross margin44% 41% Up 3pp46% Down 2pp
Operating expenses ($M)$617 $512 Up $105$584 Up $33
Operating income ($M)$233 $111 Up $122$236 Down $3
Net income ($M)$216 $92 Up $124$222 Down $6
Earnings per share$0.18 $0.08 Up $0.10$0.18 Flat


Outlook

For the third quarter of 2020, AMD expects revenue to be approximately $2.55 billion, plus or minus $100 million, an increase of approximately 42 percent year-over-year and 32 percent sequentially.



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