AMD Revenue Soars 70 Percent
In the second quarter of 2022, AMD saw a huge jump in revenue. Compared with the same period in 2021, the company's revenue grew 70% to $6.55 billion.
Their gross margin was at 46%, 140 bps down. Operating income of $526 million was down 37% YoY. Net income fell 37% to $447 million and diluted earnings per share were $0.27. On a non-GAAP basis, gross margin was 54%, operating income was $2.0 billion, operating margin was 30%, net income was $1.7 billion and diluted earnings per share was $1.05.
“We delivered our eighth straight quarter of record revenue based on our strong execution and expanded product portfolio,” said AMD Chair and CEO Lisa Su. “Each of our segments grew significantly year-over-year, led by higher sales of our data center and embedded products. We see continued growth in the back half of the year highlighted by our next generation 5nm product shipments and supported by our diversified business model.”
For the third quarter of 2022, AMD expects revenue to be approximately $6.7 billion, plus or minus $200 million, an increase of approximately 55% year-over-year led by growth in the Data Center and Embedded segments. For the full year 2022, the company continues to expect revenue to be $26.3 billion, plus or minus $300 million, an increase of approximately 60%.