AMD just announced its 4Q 2019 and Financial Year 2019 Earnings Report. Here are the key points, along with AMD’s presentation.
Today AMD announced its 4Q 2019 revenue of $2.13 billion, up 18% from the previous quarter and up 50% from the same quarter last year. This is accompanied by a 45% gross margin for Q4, AMD’s highest on record, up from 38% from Q4 last year and up from 43% in Q3.
For the full financial year, AMD is reporting revenue of $6.73 billion, up 4% from 2018, and a full year gross margin of 43%, up from 38%.
AMD’s official press release states the following:
SANTA CLARA, Calif. – Jan. 28, 2020
AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2019 of $2.13 billion, operating income of $348 million, net income of $170 million and diluted earnings per share of $0.15. On a non-GAAP(*) basis, operating income was $405 million, net income was $383 million and diluted earnings per share was $0.32.
For fiscal year 2019, the company reported revenue of $6.73 billion, operating income of $631 million, net income of $341 million and diluted earnings per share of $0.30. On a non-GAAP(*) basis, operating income was $840 million, net income was $756 million and diluted earnings per share was $0.64.
This is breaking news. More information will be added over time.