With a revenue of $4.8 billion in the last quarter of 2021 with a 49 percent increase, AMD closed the 2021 financial year with record revenue.
AMD, which has achieved a great output in the last five years, especially with the Ryzen series, seems to have continued this rise in 2021 as well. The company announced its financial reports for 2021 with its statement. When we look at the reports, we see that the figures are announced on the basis of both the last quarter and the whole year. The details of AMD’s statement and report, which generated $4.8 billion in revenue with an increase of 49 percent in the last quarter of 2021, are as follows;
AMD announced its financial reports for 2021
AMD announced revenue of $4.8 billion, operating income of $1.2 billion, net income of $974 million for the fourth quarter of 2021. For the full year 2021, the company reported revenue of $16.4 billion, operating income of $3.6 billion.
AMD President and CEO Dr. Lisa Su said, “2021 was an outstanding year for AMD with record annual revenue and profitability. Each of our businesses performed exceptionally well, with data center revenue doubling year-over-year with increased adoption of AMD EPYC processors across cloud and enterprise customers. We expect another significant year of growth in 2022 as we expand our existing portfolio and launch our next-generation PC, gaming and data center products.”
Figures for AMD Q4 2021
- Revenue of $4.8 billion was up 49 percent year over year and 12 percent quarter-on-quarter, driven by higher revenue in the Computing & Graphics and Enterprise, Embedded and Semi-Private segments.
- Gross margin was 50 percent, up more than 5 percentage points year-on-year and about 2 percentage points quarter-on-quarter. Year-over-year and quarter-on-quarter increases were primarily driven by a richer product mix.
- Operating income reached $1.2 billion, up from $570 million a year ago and $948 million in the previous quarter. Non-GAAP operating income increased to $1.3 billion, from $663 million a year ago and $1.1 billion in the prior quarter. These improvements in operating income were driven by the firm’s higher revenue and gross margin expansion.
- Net income increased from $923 million in the previous quarter to $974 million. Non-GAAP net income was $1.1 billion, up from $893 million in the prior quarter and $636 million in the prior year.
- Cash, cash equivalents and short-term investments were $3.6 billion at the end of the quarter. The company repurchased $756 million of common stock during the quarter.
- Cash from operations was $822 million, up from $849 million in the prior quarter and $554 million in the prior year.
Quarterly financial summary information
- Computing and Graphics segment revenue increased by 32 percent compared to the same period of the previous year and by 8 percent quarter-on-quarter to $2.6 billion. Year-over-year and quarter-on-quarter increases were driven by sales of Ryzen™ and Radeon™ processors.
- Enterprise, Embedded and Semi-Private segment revenue was $2.2 billion, up 75 percent year on year and 17 percent quarter on quarter, driven by higher EPYC™ and semi-custom processor sales.
- All other operating losses were $121 million compared to operating losses of $93 million a year ago and $107 million in the prior quarter.
2021 annual results
- Revenue of $16.4 billion was up 68% from 2020, thanks to higher revenue in the Computing, Graphics and Enterprise, Embedded and Semi-Private segments.
- Gross margin was 48 percent, an increase of over 3 percentage points from 2020. Gross margin expansion was mainly driven by sales of EPYC, Radeon and Ryzen processors.
- Operating income reached $3.6 billion, up from $1.4 billion in the prior year. Non-GAAP operating income was $4.1 billion compared to $1.7 billion in the prior year. The improvement in operating income was primarily driven by higher revenue and gross margin expansion.
- Cash, cash equivalents and short-term investments were $3.6 billion at year-end. The company bought back $1.8 billion of common stock in 2021.
- Cash from operations reached $3.5 billion, up from $1.1 billion the previous year. Free cash flow was $3.2 billion compared to $777 million in the prior year.