- General
- July 28, 2020
- 3 minutes read
Brief: AMD’s Q2 Results
AMD CEO Lisa Su. Photo credit: Michael Faas/Fortune, under Creative Commons license Semiconductor company AMD has announced its financial results…
AMD CEO Lisa Su.
Photo credit: Michael Faas/Fortune, under Creative Commons license
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Semiconductor company AMD has announced its financial results for the second quarter of this year, indicating revenues of $1.93 billion and net income of $157 million. Operating income for the quarter came at $173 million. Quarterly revenue is up 26% year-over-year while Net income is up by $122 million compared to the same quarter last year.
Gross margin for the quarter was 44%, up 3 percentage points year-over-year and down 2 percentage points quarter-over-quarter. As usual, the Computing and Graphics segment accounted for the majority of AMD’s revenue ($1.37 billion in this quarter). The remaining $536 million came from the ‘Enterprise, Embedded and Semi-Custom’ segment.
As at the end of the second quarter, AMD’s cash and cash equivalents stood at $1.78 billion.