— Revenue grew 9 percent year-over-year and 18 percent quarter-over-quarter;
Gross margin expanded to 43 percent, up 3 percentage points year-over-year —
SANTA CLARA, Calif., Oct. 29, 2019 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2019 of $1.80 billion, operating income of $186 million, net income of $120 million and diluted earnings per share of $0.11. On a non-GAAP(*) basis, operating income was $240 million, net income was $219 million and diluted earnings per share was $0.18.
GAAP Quarterly Financial Results
| Q3 2019 | Q3 2018 | Y/Y | Q2 2019 | Q/Q | |
| Revenue ($B) | $1.80 | $1.65 | Up 9% | $1.53 | Up 18% |
| Gross margin | 43% | 40% | Up 3 pp | 41% | Up 2 pp |
| Operating expense ($M) | $591 | $511 | Up $80 | $562 | Up $29 |
| Operating income ($M) | $186 | $150 | Up $36 | $59 | Up $127 |
| Net income ($M) | $120 | $102 | Up $18 | $35 | Up $85 |
| Earnings per share | $0.11 | $0.09 | Up $0.02 | $0.03 | Up $0.08 |
Non-GAAP(*) Quarterly Financial Results
| Q3 2019 | Q3 2018 | Y/Y | Q2 2019 | Q/Q | |
| Revenue ($B) | $1.80 | $1.65 | Up 9% | $1.53 | Up 18% |
| Gross margin | 43% | 40% | Up 3 pp | 41% | Up 2 pp |
| Operating expense ($M) | $539 | $476 | Up $63 | $512 | Up $27 |
| Operating income ($M) | $240 | $186 | Up $54 | $111 | Up $129 |
| Net income ($M) | $219 | $150 | Up $69 | $92 | Up $127 |
| Earnings per share | $0.18 | $0.13 | Up $0.05 | $0.08 | Up $0.10 |
