Enterprise financial report

Q4 AMD’s net profit in 2020 is $1.781 billion, up 948% year on year From Amd financial report

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The following is the Q4 AMD’s net profit in 2020 is $1.781 billion, up 948% year on year From Amd financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.

In the early morning of January 27, Beijing time, amd announced the fourth quarter and full year financial report of fiscal year 2020 today. According to the report, AMD’s revenue in the fourth quarter was US $3.244 billion, an increase of 53% compared with us $2.127 billion in the same period of last year, and an increase of 16% compared with us $2.801 billion in the previous quarter; its net profit was US $1.781 billion, an increase of 948% compared with us $170 million in the same period of last year, and an increase of 357% compared with us $390 million in the previous quarter.

AMD’s fourth quarter and full year results exceeded Wall Street analysts’ expectations, and its revenue outlook for the first quarter of fiscal 2021 also exceeded expectations, but its after hours share price still fell by more than 2%.

Summary of fourth quarter results:

In the quarter ended December 26, amd had net profit of $1.781 billion and earnings per share of $1.45, which was much better than the same period last year. In the fourth quarter of fy2019, AMD’s net profit was US $170 million and earnings per share was US $0.15. Excluding certain one-time items (not in accordance with US GAAP), AMD’s adjusted net profit in the fourth quarter was US $636 million, compared with us $383 million in the same period of last year; its adjusted earnings per share was US $0.52, compared with us $0.32 in the same period of last year, which exceeded Wall Street analysts’ previous expectations. According to data provided by Yahoo Finance Channel, 29 analysts had expected AMD’s fourth quarter earnings per share to reach $0.47 on average.

AMD’s fourth quarter revenue was $3.244 billion, up 53% from $2.127 billion in the same period last year and 16% from $2.801 billion in the previous quarter, which also exceeded analysts’ expectations. According to data provided by Yahoo Finance Channel, 28 analysts on average expect AMD’s fourth quarter revenue to reach $3.02 billion.

By business division, AMD’s fourth quarter revenue from computing and graphics department was $1.960 billion, up from $1.662 billion in the same period of last year and $1.667 billion in the previous quarter; its operating profit was $420 million, compared with $384 million in the same period of last year and $360 million in the previous quarter. AMD’s revenue from corporate, embedded and semi customized businesses in the fourth quarter was $1.284 billion, up from $465 million in the same period of last year and $1.134 billion in the previous quarter; its operating profit was $243 million, compared with $45 million in the same period of last year and $141 million in the previous quarter. AMD’s operating loss from all other businesses was $93 million in the fourth quarter, compared with $57 million in the same period last year and $76 million in the previous quarter.

AMD’s operating profit in the fourth quarter was US $570 million, compared with us $348 million in the same period of last year, a year-on-year increase of 64%; the operating profit in the last quarter was US $449 million, a month on month increase of 27%. Excluding some one-time items (not in accordance with US GAAP), AMD’s adjusted operating profit in the fourth quarter was US $663 million, compared with us $405 million in the same period of last year, a year-on-year increase of 64%; the operating profit in the last quarter was US $525 million, a month on month increase of 26%.

AMD’s operating expenses in the fourth quarter were $881 million, up 47% from $601 million in the same period last year, and 13% from $781 million in the previous quarter. Among them, AMD’s R & D expenditure in the fourth quarter was US $573 million, higher than US $395 million in the same period of last year and US $508 million in the previous quarter; its marketing, general affairs and administration expenditure was US $308 million, higher than US $206 million in the same period of last year and US $273 million in the previous quarter. Excluding certain one-time items (not in accordance with U.S. GAAP), AMD’s adjusted operating expenses in the fourth quarter were $789 million, an increase of 45% compared with $545 million in the same period last year, and an increase of 12% compared with $706 million in the previous quarter.

AMD’s gross profit in the fourth quarter was US $1.451 billion, up 53% from US $949 million in the same period of last year and 18% from US $1.230 billion in the previous quarter. Excluding certain one-time items (not in accordance with US GAAP), AMD’s adjusted gross profit in the fourth quarter was US $1.452 billion, up 53% compared with us $950 million in the same period of last year and 18% compared with us $1.231 billion in the previous quarter. AMD’s gross profit rate in the fourth quarter was 45%, which was the same as 45% in the same period of last year, and increased by 1 percentage point compared with 44% in the previous quarter. Excluding some one-time items (not in accordance with US GAAP), AMD’s adjusted gross profit rate was 45% in the fourth quarter, which was flat compared with 45% in the same period of last year, and increased by 1 percentage point compared with 44% in the previous quarter.

Annual performance summary:

AMD’s annual revenue was US $9.763 billion, up 45% from US $6.731 billion in fiscal year 2019; its gross profit was US $4.347 billion, up 52% from US $2.868 billion in fiscal year 2019; its gross profit rate was 45%, up 2% from 43% in fiscal year 2019; its operating profit was US $1.369 billion, up 117% from US $631 million in fiscal year 2019; and its net profit was US $2.490 billion, up 17% from US $2.049 billion in fiscal year 2019 The net profit in fy2019 was US $341 million, a year-on-year increase of 630%; the earnings per share was US $2.06, compared with us $0.30 in fy2019, a year-on-year increase of 587%; the operating expenses was US $2978 million, compared with us $2297 million in fy2019, a year-on-year increase of 30%.

Excluding some one-time items (not in accordance with US GAAP), AMD’s gross profit for the whole year was US $4.353 billion, up 51% from US $2.874 billion in fy2019; its gross profit rate was 45%, up 2% from 43% in fy2019; its operating profit was US $1.657 billion, up 97% from US $840 million in fy2019; its net profit was US $1.575 billion, In comparison, the net profit in fy2019 was US $756 million, a year-on-year increase of 108%; the earnings per share was US $1.29, a year-on-year increase of 102%; the operating expenses was US $2696 million, a year-on-year increase of 29%, compared with us $2094 million in fy2019.

AMD’s fourth quarter results also exceeded analysts’ expectations. According to the data provided by Yahoo Finance Channel, 34 analysts had expected AMD’s annual revenue to reach $9.55 billion on average, and 34 analysts had expected AMD’s annual adjusted earnings per share to reach $1.23 on average.

Performance Outlook:

Amd expects revenue to be about $3.2 billion in the first quarter of fiscal 2021, up and down by $100 million, a year-on-year growth of about 79% and a month on month decline of about 1%, exceeding analysts’ expectations. According to the data provided by Yahoo Finance Channel, 27 analysts currently expect AMD’s first quarter revenue to reach $2.73 billion on average.

Changes in share price:

On the same day, amd shares rose $0.58, or 0.62%, to $94.71 in regular NASDAQ trading. Amd shares fell $2.03, or 2.14%, to $92.68 in after hours trading up to 4:47 p.m. EST on Tuesday (5:47 a.m. Beijing time on Wednesday). In the past 52 weeks, AMD’s highest price was $99.23 and its lowest price was $36.75.

Amd financial report: Q4 AMD’s revenue in 2016 was $1.11 billion, net loss narrowed year on year amd financial report: Q2 AMD’s net profit in 2018 was $116 million, loss turned year on year amd financial report: Q4 AMD’s revenue in 2019 was $2.13 billion, a year-on-year increase of 50% AMD financial report: Q3 AMD’s huge loss in 2016 was $406 million amd financial report: Q1 AMD’s revenue in 2016 was $832 million, a year-on-year decrease of 19% amd financial report: Q1 AMD’s loss in 2015 was $180 million Year on year expanded amd financial report: net profit of AMD in Q1 of 2019 was 16 million US dollars, a year-on-year decrease of 80% amd financial report: net profit of AMD in Q3 of 2014 was 17 million US dollars, a year-on-year decrease of 64% amd financial report: net loss of AMD in Q3 of 2016 was 406 million US dollars, a year-on-year expanded amd financial report: net profit of AMD in Q2 of 2016 was 69 million US dollars, a year-on-year turnaround amd financial report: net loss of AMD in Q2 of 2015 was 181 million US dollars, a year-on-year expanded amd financial report: Q4 of 2014 Amd net loss of $364 million year on year amd financial report chart: 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 amd financial report: Q1 amd loss of $590 million in 2012, a loss of 80 cents per share

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