AMD stock jumps 10% after hours on strong financial results

Reading time icon 2 min. read


Readers help support MSpoweruser. We may get a commission if you buy through our links. Tooltip Icon

Read our disclosure page to find out how can you help MSPoweruser sustain the editorial team Read more

amd crimson logo

amd crimson logo

AMD stock surged nearly 10% in after-hours trading Tuesday following strong quarterly financial results. AMD reported revenue of $1.93 billion and operating income of $173 million. Thanks to strong Ryzen processor sales, Computing and Graphics segment revenue increased 45% to $1.37 billion. AMD also confirmed that there won’t be any delay in its product plans. You can find more details below.

Summary of AMD’s financial results:

  • Computing and Graphics segment revenue was $1.37 billion, up 45 percent year-over-year and down 5 percent quarter-over-quarter. Revenue was higher year-over-year driven by strong Ryzen processor sales. The quarter-over-quarter decline was due to lower graphics processor sales.
    • Client processor average selling price (ASP) was up year-over-year driven by Ryzen processor sales. Client processor ASP was down quarter-over-quarter due to a higher percentage of Ryzen mobile processor sales.
    • GPU ASP was lower year-over-year and quarter-over-quarter due to lower channel sales.
    • Operating income was $200 million compared to $22 million a year ago and $262 million in the prior quarter. The year-over-year increase was driven by higher revenue. The quarter-over-quarter decline was due to higher operating expenses and lower revenue.
  • Enterprise, Embedded and Semi-Custom segment revenue was $565 million, down 4 percent year-over-year and up 62 percent quarter-over-quarter. Revenue was lower year-over-year due to lower semi-custom product sales largely offset by higher EPYC processor sales. The quarter-over-quarter increase was driven by higher EPYC processor and semi-custom product sales.
    • Operating income was $33 million compared to $89 million a year ago and an operating loss of $26 million in the prior quarter. The year-over-year decline was due to higher operating expenses and lower revenue. The quarter-over-quarter increase was driven by higher revenue.
  • All Other operating loss was $60 million compared to operating losses of $52 million a year ago and $59 million in the prior quarter.

Source: AMD

User forum

0 messages