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AMD reports great Q1 2021 financial results

by on29 April 2021

$3.45B of revenue

AMD has released its Q1 2021 financial results and the company is doing well in all segments, beating its previous records and reporting record revenue of $3.45 billion.

In numbers, AMD has reported a revenue of $3.45 billion, or a 93 percent increase compared to the last year, and a six percent increase compared to the previous quarter. This continues AMD's revenue trend which has only gone up since Q2 2019. The gross margin remained at 46 percent, which means it is flat compared to the last year and up by a single percent compared to the last quarter.

The operating income is reported at $662 million, up by 274 percent compared to the last year, and up by 16 percent compared to the previous quarter. Net income is at $555 million, up by 243 percent compared to the last year, and down by 69 percent compared to the last quarter, which was due to the tax benefit. The same goes for earnings per share, which was reported at $0.45, up by 221 percent compared to the last year, where AMD reported an EPS of $0.14, and down by 69 percent compared to $1.45 in the last quarter.

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AMD is doing well on all fronts and all its segments are reporting an increase in revenue and sales, with Enterprise, Embedded, and Semi-Custom going up to $1345 million, and Computing and Graphics reporting a revenue of $2100 million.

These figures do not come as a surprise considering that AMD is selling as many chips as it can to Microsoft and Sony for their Xbox and Playstation consoles.

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AMD's EPYC server processor sales have more than doubled according to the company report, at least compared to the last year.

With such a big demand on the computer hardware market, there is no wonder that AMD is selling every CPU and GPU it can supply, but the shortage is taking its toll and these numbers should be even higher.

AMD expects revenue of $3.6 billion in Q2 2021, with a gross margin of 47 percent, which is a solid increase. Operating expenses are expected at $900 million. AMD is on a roll, delivering on its promises and keeping up with announced roadmaps and there are plenty of new things on the table, including the rest of the Navi lineup as well as its mobile Radeon RX 6000 products, which are on track for a Q2 launch.

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Last modified on 29 April 2021
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