Advanced Micro Devices, Inc. (AMD) Reports In-Line Q1 EPS, Q2 Revenue Guidance Misses

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AMD Reports First Quarter 2020 Financial Results

April 28, 2020 4:26 PM EDT

Revenue grows 40 percent year-over-year; Gross margin expands to 46 percent

SANTA CLARA, Calif., April 28, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the first quarter of 2020 of $1.79 billion, operating income of $177 million, net income of $162 million and diluted earnings per share of $0.14. On a non-GAAP* basis, operating income was $236 million, net income was $222 million and diluted earnings per share was $0.18.

GAAP Quarterly Financial Results

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