CPUsNews

AMD Q3 2020 Earnings Report: Operating Income up by 160% Q/Q and 140% YoY

AMD has announced its Q3 earnings report, beating estimates and forging new highs. Most analysts were expecting an increase of 40-45% (YoY) in the overall earnings, with a growth of 33% sequentially. However, the actual figures were notably higher with a YoY revenue growth of 56% and a quarterly gain of 45%.

Update: This is highest quarterly revenue for AMD in the last 25-30 years:

Source

This brought the revenue up from $1,801 million in Q3 2019 to $2,801 million in Q3 2020 ($1,932M in Q2 2020). The operating income grew by a whopping 140% YoY and a massive 160% compared to the last quarter. It went from around just $186 million in Q3 2020 to more than twice as much this year to $449 million.

As expected, the Enterprise and Semi-Custom Division was the primary driving factor behind the phenomenal increase, growing by 116% YoY and 101 on a quarterly basis. The operating income from this segment was even more impressive, expanding by 131% on a yearly basis and 327% compared to Q2 2020. This can be attributed to the launch of the next-gen Xbox Series X and PS5 consoles, both of which are powered by AMD’s designs.

The Computing and Graphics Division saw moderate gains, growing by around 31% YoY, from $1.27M in Q3 2019 to $1.67M in Q3 2020. The quarterly gains were roughly similar, growing by 22%. Like the Enterprise Segment, the operating income of the CG Division was also a big step up, growing by 115% YoY to $348M ($179M in Q3 2019) and 92% quarterly (from $200M).

Areej

Computer Engineering dropout (3 years), writer, journalist, and amateur poet. I started Techquila while in college to address my hardware passion. Although largely successful, it suffered from many internal weaknesses. Left and now working on Hardware Times, a site purely dedicated to.Processor architectures and in-depth benchmarks. That's what we do here at Hardware Times!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button