AMD (AMD) Tops Q1 EPS by 22c, Raises Guidance

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Go back to AMD (AMD) Tops Q1 EPS by 22c, Raises Guidance

AMD Reports First Quarter 2022 Financial Results

May 3, 2022 4:10 PM EDT

Record quarterly revenue of $5.9 billion grew 71% year-over-year; Gross margin grew 2 percentage points and non-GAAP gross margin grew 7 percentage points year-over-year

SANTA CLARA, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the first quarter of 2022 of $5.9 billion, gross margin of 48%, operating income of $951 million, operating margin of 16%, net income of $786 million and diluted earnings per share of $0.56. On a non-GAAP(*) basis, gross margin was 53%, operating income was $1.8 billion, net income was $1.6 billion and diluted earnings per share... More