AMD announces financial results for Q4 2020 and full year 2020, significant increase in sales due to strong Ryzen & EPYC processors
On January 26, 2021, AMD, a major chip maker, reported its financial results for the fourth quarter of 2020 (October-December) and for the full year of 2020. According to the report, sales in the fourth quarter of 2020 increased 53% year-on-year to $ 3.24 billion (about 340 billion yen), and full-year revenue increased 45% year-on-year to $ 9.76 billion (about 1 trillion yen). At 10 billion yen), quarterly and full-year net income has more than doubled from the previous year.
AMD Reports Fourth Quarter and Full Year 2020 Financial Results :: Advanced Micro Devices, Inc. (AMD)
AMD Q4 revenue, profit beat expectations, forecast much higher | ZDNet
https://www.zdnet.com/article/amd-q4-revenue-profit/
In the fourth quarter of 2020 based on the US Accounting Standard (GAAP), total sales were 3,244 million dollars (about 340 billion yen), gross profit was 1,451 million (about 150 billion yen), and gross profit. The rate was 45%, the operating profit was 570 million dollars (about 59 billion yen), and the net profit was 1,781 million dollars (about 185 billion yen). On a non-GAAP basis, operating profit was $ 663 million (about 69 billion yen) and net profit was $ 636 million (about 66 billion yen).
Total sales were up 53% year-on-year and up 16% year-on-year. AMD sees the increase in revenue 'because both the computing and graphics and enterprise, embedded and semi-custom sectors were strong.' In addition, due to the increase in total sales, operating income also increased by 64% year-on-year (up 117% for non-GAAP).
Revenue in the computing and graphics division was $ 1.96 billion, and AMD said, 'Ryzen processor sales were strong, resulting in an 18% year-on-year increase. Also, Ryzen for mobile The average selling price of client processors decreased year-on-year due to the increase in sales composition. ' In addition, sales of Ryzen processors increased. Operating income for this division was $ 420 million, an increase from the same period of the previous year and the previous year.
Revenues in the enterprise, embedded and semi-custom divisions were $ 1.28 billion, up 176% year-over-year and 13% year-over-year. Operating income was also 243 million dollars (about 25 billion yen), an increase from the same period of the previous year and the previous year. According to AMD, sales of semi-custom products and EPYC processors are strong.
And the full-year financial results for 2020 (GAAP basis) are total sales of 9,763 million dollars (about 1.1 trillion yen), gross profit of 4,347 million dollars (about 4.5 billion yen), and gross profit margin. Was 45%, operating profit was $ 1.369 billion (about 142 billion yen), and net profit was $ 2.49 billion (about 258 billion yen). On a non-GAAP basis, operating profit was $ 1,657 million and net profit was $ 1,575 million.
Total sales in 2020 increased by 45% year-on-year. Gross profit margin also increased by 2 points year-on-year. AMD attributed the increase in gross margin to strong sales of Ryzen and EPYC processors.
AMD expects sales in the first quarter of 2021 (January-March) to be approximately $ 3.2 billion, an increase of 79% year-on-year and a decrease of 1% year-on-year. It also states that total sales in 2021 are expected to increase by approximately 37% compared to 2020.
AMD CEO Lisa Su said, 'AMD will significantly accelerate its business in 2020, achieving record annual sales, while also expanding its gross margin and doubling net income from 2019. The 2021 financial outlook highlights the strength of our product portfolio and strong demand for high-performance computing in the PC, gaming and data center markets. AMD is excited about future opportunities and leadership As we continue to implement a product roadmap, we are very confident in our long-term strategy. '
Related Posts:
in Note, Posted by log1i_yk