(PR) AMD Reports First Quarter 2021 Financial Results
AMD (NASDAQ:AMD) today declared revenue for the initial quarter of 2021 of $3.45 billion, functioning earnings of $662 million, net income of $555 million and diluted earnings per share of $.45. On a non-GAAP* basis, operating income was $762 million, web earnings was $642 million and diluted earnings for each share was $.52.
“Our business ongoing to accelerate in the first quarter driven by the best product portfolio in our heritage, robust execution and strong industry need,” said Dr. Lisa Su, AMD president and CEO. “We had superb yr-in excess of-yr earnings progress across all of our firms and details heart profits extra than doubled. Our elevated complete-yr assistance highlights the strong progress we be expecting across our business based mostly on expanding adoption of our large-effectiveness computing merchandise and growing consumer associations.”