AMD Reports Fourth Quarter and Full Year 2021 Financial Results

  GAAP Non-GAAP ( *)
  2021 2020 Y/Y 2021 2020 Y/Y
Revenue ($M)$16,434$9,763Up 68%$16,434$9,763Up 68%
Gross profit ($M)$7,929$4,347Up 82%$7,934$4,353Up 82%
Gross margin %48%45%Up 370 bps48%45%Up 370bps
Operating expenses ($M)$4,293$2,978Up 44%$3,877$2,696Up 44%
Operating income ($M)$3,648$1,369Up 166% $4,069 $1,657 Up 146%
Operating margin % 22% 14% Up 8pp 25% 17% Up 8pp
Tax valuation allowance release benefit ($M) ( 1) - $1,301 - - - -
Net income ($M) $3,162 $2,490 Up 27% $3,435 $1,575 Up 118%
Earnings per share ( 1) $2.57 $2.06 Up 25% $2.79 $1.29 Up 117%

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