Categories AlphaGraphs, Technology

Key highlights from Advanced Micro Devices (AMD) Q4 2020 earnings results

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported fourth quarter 2020 earnings results today.

Revenue rose 53% year-over-year to $3.24 billion, driven by the Computing and Graphics and the Enterprise, Embedded and Semi-Custom segments.

Net income was $1.78 billion, or $1.45 per share, compared to $170 million, or $0.15 per share, in the same period last year. Adjusted net income rose 66% to $636 million while adjusted EPS increased 63% to $0.52 from last year.

Both revenue and earnings exceeded market expectations.

For the first quarter of 2021, AMD expects revenue to be approx. $3.2 billion, plus or minus $100 million, up approx. 79% year-over-year. For the full year of 2021, revenue is expected to grow approx. 37% over 2020 driven by growth in all businesses.

Prior performance

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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