– Record quarterly revenue of $2.13 billion; record annual revenue of $6.73 billion –
– Gross margin expanded to 45 percent in Q4 2019 and 43 percent for 2019 –
SANTA CLARA, Calif., Jan. 28, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2019 of $2.13 billion, operating income of $348 million, net income of $170 million and diluted earnings per share of $0.15. On a non-GAAP(*) basis, operating income was $405 million, net income was $383 million and diluted earnings per share was $0.32.
For fiscal year 2019, the company reported revenue of $6.73 billion, operating income of $631 million, net income of $341 million and diluted earnings per share of $0.30. On a non-GAAP(*) basis, operating income was $840 million, net income was $756 million and diluted earnings per share was $0.64.
GAAP Quarterly Financial Results
| Q4 2019 | Q4 2018 | Y/Y | Q3 2019 | Q/Q | |||||||
| Revenue ($B) | $ | 2.13 | $ | 1.42 | Up 50% | $ | 1.80 | Up 18% | |||
| Gross margin | 45 | % | 38 | % | Up 7pp | 43 | % | Up 2pp | |||
| Operating expense ($M) | $ | 601 | $ | 509 | Up $92 | $ | 591 | Up $10 | |||
| Operating income ($M) | $ | 348 | $ | 28 | Up $320 | $ | 186 | Up $162 | |||
| Net income ($M) | $ | 170 | $ | 38 | Up $132 | $ | 120 | Up $50 | |||
| Earnings per share | $ | 0.15 | $ | 0.04 | Up $0.11 | $ | 0.11 | Up $0.04 | |||
Non-GAAP(*) Quarterly Financial Results
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