AMD Quarterly Results: Just under $ 3.25 billion in massive sales and profits

Three months with new Ryzen 5000 series CPUs, new RDNA 2-based graphics chips and two chipsets dedicated to millions of consoles: a quarter of AMD was big, and stock brokers set their targets high – and the manufacturer gave more than the.

The exchange expected more than $ 3 billion in sales and significant profits, which is a slight target given $ 2.8 billion in sales in the third quarter, especially since AMD had already presented this as a very diplomatic forecast for the three months ago. At $ 3.24 billion, the mark is significantly overtaken.

In terms of earnings, there is $ 1.78 billion on the books, however, it is also above average due to tax adjustments of $ 1.3 billion. A better indicator in this case is operating profit, which also increased by 64 percent over the previous year – from $ 348 to $ 570 million.

AMD brings in close to $ 2 billion in sales with Ryzen and RDNA 2, as the processors are explicitly emphasized. As expected, the Servers and Semi-dedicated segment was stronger than it was in the third quarter, as it currently brings nearly $ 1.3 billion in sales, an increase of nearly 180 percent over the previous year. Almost all of this can be attributed to the console chips, although AMD maintains that Epyc continues to gain as well. But this will actually start again only from the second quarter, since the third generation of Milan will launch in March.

Growth is expected to continue in 2021

AMD closed the entire year of 2020 with a 45 percent increase in sales above expectations. Earnings have also evolved positively, although they are still relatively small with nearly ten billion US dollars in annual sales. But AMD wants to work on that in the coming years. The forecast is promising: In the first quarter, sales should return to $ 3.2 billion – an increase of nearly 80 percent compared to the start of 2020. For the full year, AMD wants sales to increase 37 percent of the total. Of about 13 billion dollars was completed.