AMD has been having some fruitful years as of late. Over the last two years, the company’s gross profit grew by 75-80% while the operating income ballooned by a whopping 3x. The gross profits which were just under $2.447 billion at the end of FY2018, grew to $4.347 billion at the end of 2020. The yearly operating income, on the other hand, saw a monumental growth tripling from $451 million in 2018 to $1,369 million in 2020.
Along with the revenue and profits, the spending also increased by quite a bit. Interestingly, the marketing and administrative spending grew the most (from $562 million to $995 million), showing an increase of roughly 75%. In comparison, the R&D costs increased by just under 40%, from $1.43 billion to $1.98 billion.
Having a closer look at the numbers, you can see that the Computing and Graphics segment outpaced the Enterprise, Embedded, and Semi-Custom Division, growing by just under 60%, from $4.1 billion to $6.4 billion. The EESC segment went from $1.35 billion to $3.33 billion, a spurt of around 40% over the last two years.
In the above chart, you can see the quarterly profits and revenue along with all the other figures in finer detail. It’s clear that the second halves of 2019 and 2020 were phenomenal for AMD, posting incredible gains across the board, thanks to the launch of new products across different portfolios.