AMD (AMD) Stock Flat Despite Q3 Beat, Better Than Expected 2021 Outlook
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AMD Reports Third Quarter 2021 Financial Results
October 26, 2021 4:15 PM EDTRevenue increased 54 percent year-over-year Gross Margin grew more than 4 percentage points year-over-year to 48 percent
SANTA CLARA, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the third quarter of 2021 of $4.3 billion, operating income of $948 million, net income of $923 million and diluted earnings per share of $0.75. On a non-GAAP* basis, operating income was $1.1 billion, net income was $893 million and diluted earnings per share were $0.73.
GAAP Quarterly Financial Results
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