AMD Reports Excellent Q2 2022 Results, Revenue Up 99 Percent
AMD Reports Excellent Q2 2021 Results, Revenue Up 99 Percent
AMD had another banner quarter this twelvemonth, surging past analyst expectations. The company reported $iii.85 billion in revenue for Q2 2021, up 99 percent from $1.932B in Q2 2020. Sales increased 12 percent from Q1'southward $3.45B. That's solid growth, but it'southward as well more in line with seasonality.
The company reported a 48 percent gross profit margin, up four percentage points since Q1. The growth in gross margin and in acquirement was driven past higher demand for all of AMD's products, but a tilt towards the top finish helped AMD earn more than. Operating income increased past i.26x quarter-on-quarter. Cyberspace income was $710 million, upwardly from $555 1000000 last quarter and $157 meg final year.
At that place'due south no reference to GPU sales setting any records — AMD doesn't seem to be shipping very many GPUs, though availability has improved since the Xbox Serial S|Ten and PlayStation v launches — just the company notes that average selling prices (ASPs) accept improved.
AMD'southward segment earnings have ballooned, only its Enterprise, Embedded, and Semi-Custom segment has done specially well. AMD benefits from two unlike advantages in this segment. First, adoption of AMD Rome and Milan continues to exist strong. Second, the PlayStation 5 and Xbox Series S|X proceed to sell very well. The company is likewise downwardly to only $313 million in debt. We're a far cry from where AMD was x years ago.
Full-year growth is expected at 60 percent thanks to strong performance in all business segments. This is upward considerably from January when AMD predicted growth of 37 percentage. Almanac non-GAAP gross margin is expected to be 48 percentage. Recent information from companies like Puget Systems shows that AMD now has ~60 percent share in their workstation business. Puget, of course, is just one visitor, just it speaks to the overall appeal and growth of AMD's businesses.
Strong semiconductor operation is the norm correct now and information technology'd be difficult for any company to lose coin in an environs where everything it builds vanishes off shop shelves as apace as information technology arrives. AMD also reports that shareholders take canonical its conquering of Xilinx, and then that'southward expected to motion ahead accordingly. The c0mpany expects component availability to continue to meliorate through the end of the year and into 2022.
Intel fired back at AMD with Ice Lake-SP earlier this year and the larger chip vendor will go a second shot when it launches Alder Lake. The new platform is expected to combine smaller hybrid cores with big cores and to attain better efficiency and performance per watt in the process. Early rumors on Alder Lake functioning are all over the place, but they collectively propose a CPU that's either much more competitive with AMD or significantly faster, depending on which rumors yous choice.
Now Read:
- Intel Rebrands Its Future Process Nodes, Updates Roadmap
- Alienware Claims It Tin can't Sell High-Terminate Desktop PCs in six US States
- What Kind of Performance Should We Expect from Intel's Alder Lake?
Source: https://www.extremetech.com/computing/325183-amd-reports-excellent-q2-2021-results-revenue-up-99-percent
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