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Quarterly figures: AMD makes 99 percent more sales than a year ago
An impressive 99 percent increase in sales was achieved in a direct year-on-year comparison, said Lisa Su, AMD's CEO.
Operating income, in turn, was $ 831 million, a margin of 22 percent. Net income in Q2 in 2021 was around 710 million US dollars ( GAAP ) and 778 million US dollars (non-GAAP), around 260 and 352 percent higher than in the previous year. Lisa Su was correspondingly satisfied and continued to be optimistic about the company's key figures in the second quarter of 2021.
Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year.
We now expect our 2021 annual revenue to grow by approximately 60 percent year-over-year driven by strong execution and increased customer preference for our leadership products.
Dr. Lisa Su, AMD President and CEO
In addition to sales and profit, AMD was also able to increase the gross margin slightly from the previous year from 47 to 48 percent. Lisa Su also spoke about the “ significantly faster ” growth of AMD “ compared to the market ”.
We are growing significantly faster than the market with strong demand across all of our businesses.
Dr. Lisa Su, AMD President and CEO
Earnings per note rose year-on-year from $ 0.13 to $ 0.58 per share, but is significantly lower than in the previous quarter (EUR 1.45).
JamesSneed
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#5933123 Posted on: 07/28/2021 05:00 PM
Lisa is still running things so we know she will.
It's only good if they put that money back into R&D, or production.
Lisa is still running things so we know she will.
waltc3
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#5933130 Posted on: 07/28/2021 05:14 PM
While AMD is breaking records, Intel is busy shuffling PR numbers around in a vain effort to "appear" as close to AMD's CPU product line as possible (Intel is now calling its 10nm process simply "7" to try and appear equal to TSMC's 7nm, etc. Notice that Intel is not claiming its 10nm process is actually a 7nm process--nope, the "7" is a standalone number Intel pulled out of a hat...
nm need not apply.). A real demonstration of the fact that products trump vaporware every single time...
While AMD is breaking records, Intel is busy shuffling PR numbers around in a vain effort to "appear" as close to AMD's CPU product line as possible (Intel is now calling its 10nm process simply "7" to try and appear equal to TSMC's 7nm, etc. Notice that Intel is not claiming its 10nm process is actually a 7nm process--nope, the "7" is a standalone number Intel pulled out of a hat...
nm need not apply.). A real demonstration of the fact that products trump vaporware every single time...
tunejunky
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#5933139 Posted on: 07/28/2021 05:31 PM
i have no fear of AMD resting on its laurels or deciding to pursue R&D less vigorously.
every single move Dr. Su has taken has lead to this point. and she's faced down doubters and haters every step of the way.
every step from design to the execution of details has progressed just as she's planned, except better.
she hoped to gain a workstation toehold, AMD now controls the market. she's hoped that real world performance would overcome marketing, now that marketing has stopped talking about "glue" and started to talk about how close they are to each other. lol
i have no fear of AMD resting on its laurels or deciding to pursue R&D less vigorously.
every single move Dr. Su has taken has lead to this point. and she's faced down doubters and haters every step of the way.
every step from design to the execution of details has progressed just as she's planned, except better.
she hoped to gain a workstation toehold, AMD now controls the market. she's hoped that real world performance would overcome marketing, now that marketing has stopped talking about "glue" and started to talk about how close they are to each other. lol
schmidtbag
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#5933207 Posted on: 07/28/2021 09:10 PM
I wouldn't say we know that, though it is very probable. Unlike Intel's leaders, Lisa is thankfully not the type to sit back when things get easy, but, AMD has been getting substantially more expensive. That's the kind of behavior you see from a company that's getting cocky, and/or less focused on the best interest of the consumers. We'll be seeing more from their R&D, for now.
Of course, all of this is very skewed, because supply isn't keeping up with demand; AMD might as well profit from those willing to spend extra if everything is going to get sold-out anyway..
Lisa is still running things so we know she will.
I wouldn't say we know that, though it is very probable. Unlike Intel's leaders, Lisa is thankfully not the type to sit back when things get easy, but, AMD has been getting substantially more expensive. That's the kind of behavior you see from a company that's getting cocky, and/or less focused on the best interest of the consumers. We'll be seeing more from their R&D, for now.
Of course, all of this is very skewed, because supply isn't keeping up with demand; AMD might as well profit from those willing to spend extra if everything is going to get sold-out anyway..
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higher markups = higher profits.
https://www.techpowerup.com/review/asrock-radeon-rx-6900-xt-oc-formula/
thanks for rubbin it in AMD