| GAAP | Non-GAAP (*) | |||||||||||||
| 2019 | 2018 | Y/Y | 2019 | 2018 | Y/Y | |||||||||
| Revenue ($B) | $ | 6.73 | $ | 6.48 | Up 4% | $ | 6.73 | $ | 6.48 | Up 4% | ||||
| Gross margin | 43 | % | 38 | % | Up 5pp | 43 | % | 39 | % | Up 4pp | ||||
| Operating expense ($B) | $ | 2.30 | $ | 2.00 | Up $0.30 | $ | 2.09 | $ | 1.86 | Up $0.23 | ||||
| Operating income ($M) | $ | 631 | $ | 451 | Up $180 | $ | 840 | $ | 633 | Up $207 | ||||
| Net income ($M) | $ | 341 | $ | 337 | Up $4 | $ | 756 | $ | 514 | Up $242 | ||||
| Earnings per share | $ | 0.30 | $ | 0.32 | Down $0.02 | $ | 0.64 | $ | 0.46 | Up $0.18 | ||||
AMD Reports Fourth Quarter and Annual 2019 Financial Results
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Change in payment schedule for Vendors !!!