AMD's FY2019 Financial Report

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.

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