Enterprise financial report

In 2021, the net profit of AMD in Q1 is 555 million US dollars, a year-on-year increase of 243% From Amd financial report

The following is the In 2021, the net profit of AMD in Q1 is 555 million US dollars, a year-on-year increase of 243% From Amd financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.

Amd today released its first quarter results for fiscal year 2021. According to the report, AMD’s revenue in the first quarter was $3.445 billion, up 93% from $1.786 billion in the same period of last year, and 6% from $3.244 billion in the previous quarter; Net profit was US $555 million, up 243% from US $162 million in the same period last year, and down 69% from US $1781 million in the previous quarter.

AMD’s first quarter results exceeded Wall Street analysts’ previous expectations, its second quarter revenue outlook also exceeded expectations, and it raised its full year revenue outlook, which pushed its after hours share price up nearly 4%.

Main achievements:

In the quarter ended March 28, AMD’s net profit was $555 million and diluted earnings per share was $0.45, which was much better than the same period last year. In the first quarter of fy2020, AMD’s net profit was US $162 million and diluted earnings per share was US $0.14. Excluding some one-time items (not in accordance with US GAAP), AMD’s adjusted net profit in the first quarter was US $642 million, compared with us $222 million in the same period of last year, an increase of 189% year on year; The adjusted diluted earnings per share was US $0.52, up 189% from US $0.18 in the same period last year, which exceeded analysts’ previous expectations. According to data provided by Yahoo Finance Channel, 30 analysts had expected AMD’s earnings per share to reach $0.44 in the first quarter on average.

AMD’s revenue in the first quarter was $3.445 billion, up 93% from $1.786 billion in the same period last year, and 6% from $3.244 billion in the previous quarter, exceeding analysts’ expectations. According to data provided by Yahoo Finance Channel, 28 analysts on average expect AMD’s revenue to reach $3.21 billion in the first quarter.

AMD’s operating profit in the first quarter was US $662 million, up 274% from US $177 million in the same period of last year, and up 16% from US $570 million in the previous quarter. Excluding some one-time items (not in accordance with US GAAP), AMD’s adjusted operating profit in the first quarter was US $762 million, up 223% from US $236 million in the same period of last year, and 15% from US $663 million in the previous quarter.

AMD’s gross profit rate in the first quarter was 46%, which was the same as 46% in the same period of last year, and increased by 1 percentage point compared with 45% in the previous quarter. Excluding some one-time items (not in accordance with US GAAP), AMD’s adjusted gross profit rate in the first quarter was 46%, which was the same as 46% in the same period of last year, and increased by 1 percentage point compared with 45% in the previous quarter.

AMD’s operating expenses in the first quarter were US $929 million, up 45% from US $641 million in the same period last year, and 5% from US $881 million in the previous quarter. Among them, R & D expenditure was US $610 million, compared with us $573 million in the same period last year and US $442 million in the last quarter; Spending on marketing, general affairs and administration was $319 million, compared with $308 million in the same period last year. Excluding some one-time items (not in accordance with U.S. GAAP), AMD’s adjusted operating expenses in the first quarter were $830 million, up 42% from $584 million in the same period of last year, and 5% from $789 million in the previous quarter.

Performance Outlook:

Amd predicts that the revenue in the second quarter of fiscal 2021 will reach about $3.6 billion, floating up and down by $100 million, with a month on month growth of about 4% and a year-on-year growth of about 86%. This performance outlook exceeds analysts’ expectations. According to data provided by Yahoo Finance Channel, 28 analysts had expected AMD’s second quarter revenue to reach $3.29 billion on average. Amd also expects gross margin not in accordance with US GAAP to reach about 47% in the second quarter of fiscal 2021.

Amd expects the year-on-year growth rate of revenue in 2021 to reach about 50%, higher than the 37% previously expected.

Changes in share price:

On the same day, amd shares fell $0.20, or 0.23%, to $85.21 in regular NASDAQ trading. Amd shares rose $3.23, or 3.79%, to $88.44 in after hours trading up to 5:26 p.m. EST on Tuesday (5:26 a.m. Beijing time on Wednesday). In the past 52 weeks, AMD’s highest price was $99.23 and its lowest price was $48.42.

Amd financial report: Q2 amd net profit of $116 million in 2018, year-on-year turnaround amd financial report: Q4 amd net profit of $1.781 billion in 2020, year-on-year increase 948% amd financial report: Q4 amd revenue of $1.11 billion in 2016, year-on-year decrease amd financial report: Q3 amd huge loss of $406 million in 2016 amd financial report: Q1 amd revenue of $832 million in 2016, year-on-year decrease 19% amd financial report: q4a in 2019 MD revenue of $2.13 billion, up 50% year on year amd financial report: Q1 amd loss of $180 million in 2015, year on year expanded amd financial report: Q3 amd net profit of $17 million in 2014, down 64% year on year amd financial report: Q1 amd net profit of $16 million in 2019, down 80% year on year amd financial report: Q3 amd net loss of $406 million in 2016, year on year expanded amd financial report: Q2 amd net profit of $69 million in 2016 Report: Q2 amd net loss of $181 million in 2015, year-on-year expansion amd financial report: Q4 amd net loss of $364 million in 2014, year-on-year turn loss amd financial report diagram: Q4 amd revenue of $1.42 billion in 2018 amd financial report: Q3 amd revenue is expected to decline by 10% in 2012, product demand is low

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