— Revenue increased 99 percent year-over-year; Gross Margin expanded to 48 percent —
SANTA CLARA, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2021 of $3.85 billion, operating income of $831 million, net income of $710 million and diluted earnings per share of $0.58. On a non-GAAP* basis, operating income was $924 million, net income was $778 million and diluted earnings per share was $0.63.
GAAP Quarterly Financial Results
| Q2 2021 | Q2 2020 | Y/Y | Q1 2021 | Q/Q | |
| Revenue ($M) | $3,850 | $1,932 | Up 99% | $3,445 | Up 12% |
| Gross profit ($M) | $1,830 | $848 | Up 116% | $1,587 | Up 15% |
| Gross margin % | 48% | 44% | Up 4pp | 46% | Up 2pp |
| Operating expenses ($M) | $1,000 | $675 | Up 48% | $929 | Up 8% |
| Operating income ($M) | $831 | $173 | Up 380% | $662 | Up 26% |
| Operating margin % | 22% | 9% | Up 13pp | 19% | Up 3pp |
| Net income ($M) | $710 | $157 | Up 352% | $555 | Up 28% |
| Earnings per share | $0.58 | $0.13 | Up 346% | $0.45 | Up 29% |
Non-GAAP* Quarterly Financial Results
