AMD rakes in the cash in its latest earnings report

AMD has reported its fourth quarter and full year earnings. Should you’re an investor, the numbers make for glad studying because of AMD’s finest ever revenues. It continues to get pleasure from development throughout all of its divisions.

The corporate reported a document $4.8 billion fourth quarter income, up 49 % from the identical quarter in 2020. Non GAAP web earnings rose from $636 million in This autumn 2020 to $1.12 billion in This autumn 2021, a 77 % enhance!

For PC avid gamers, probably the most related outcomes are these from AMD’s Computing and Graphics division. Right here, AMD reported a income of $2.6 billion which is a 32 % enhance yr on yr and an 8 % enhance quarter on quarter. For all of the discuss of how troublesome issues are for chip makers, the large asking costs of GPUs are clearly serving to to fatten up the coffers at AMD. This autumn 2021 working earnings was $566 million in comparison with $513 million in Q3 2021 and $420 million in This autumn 2020.

(Picture credit score: AMD)

AMD’s Enterprise, Embedded and Semi-Customized division generated $2.2 billion in income for the quarter. That’s a shocking 75 % year-over-year enhance because of sturdy EPYC gross sales and relentless demand for PlayStation and Xbox chips. Not unexpectedly, AMD expects console demand to proceed for the foreseeable future.

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