AMD (NASDAQ:AMD) announced revenue for the fourth quarter of 2020 of $3.24 billion, operating income of $570 million, net income of $1.78 billion, and diluted earnings per share of $1.45.
AMD’s Revenue of $3.24 billion was up 53 percent year-over-year and 16 percent quarter-over-quarter driven by both the Computing and Graphics segment and the Enterprise, Embedded, and Semi-custom segment.
AMD’s Revenue of $9.76 billion was up 45 percent over 2019 driven by significantly higher revenue in both the Computing and Graphics segment and the Enterprise, Embedded, and Semi-Custom segment.
Computing and Graphics segment revenue was $1.96 billion, up 18 percent year-over-year and quarter-over-quarter is primarily driven by strong sales of Ryzen™ processors.
• Client processor average selling price (ASP) was lower year-over-year due to a higher mix of Ryzen mobile processor sales. Client processor ASP was higher quarter-over-quarter driven by Ryzen desktop processor sales.
• Radeon™ graphics product ASPs were higher year-over-year and quarter-over-quarter.
• Operating income was $420 million compared to $360 million a year ago and $384 million in the prior quarter. The year-over-year and quarter-over-quarter increases were primarily driven by higher Ryzen processor sales.
• Enterprise, Embedded, and Semi-Custom segment revenue were $1.28 billion, up 176 percent year-over-year and 13 percent quarter-over-quarter driven by higher semi-custom and EPYC™ processor sales.
For the first quarter of 2021, AMD expects revenue to be approximately $3.2 billion, plus or minus $100 million, an increase of approximately 79 percent year-over-year and down 1 percent sequentially.
For the full year 2021, AMD expects revenue growth of approximately 37 percent over 2020 driven by growth in all businesses.
Maya Grinberg is a careers Reporter for Tech News vision make it. Prior to joining Tech News Vision, she worked as a fiction stories and a freelancer for magazine, where she eventually worked her way up to careers editor. During this time, she created daily content for own website and worked with the research team to create content. she developed some own Newswebsite.