― Record revenue grew 56 percent and net income and EPS more than doubled year-over-year —
SANTA CLARA, Calif., Oct. 27, 2020 (GLOBE NEWSWIRE) --
AMD (NASDAQ: AMD) today announced record revenue for the third quarter of 2020 of $2.80 billion, operating income of $449 million, net income of $390 million and diluted earnings per share of $0.32. On a non-GAAP* basis, operating income was $525 million, net income was $501 million and diluted earnings per share was $0.41.
GAAP Quarterly Financial Results
| Q3 2020 | Q3 2019 | Y/Y | Q2 2020 | Q/Q | |
| Revenue ($M) | $2,801 | $1,801 | Up 56% | $1,932 | Up 45% |
| Gross profit ($M) | $1,230 | $777 | Up 58% | $848 | Up 45% |
| Gross margin | 44% | 43% | Up 1pp | 44% | Flat |
| Operating expenses ($M) | $781 | $591 | Up 32% | $675 | Up 16% |
| Operating income ($M) | $449 | $186 | Up 141% | $173 | Up 160% |
| Net income ($M) | $390 | $120 | Up 225% | $157 | Up 148% |
| Earnings per share | $0.32 | $0.11 | Up 191% | $0.13 | Up 146% |
Non-GAAP* Quarterly Financial Results
