AMD has reported for the second quarter of 2020
AMD has published a report for the past quarter. In the second quarter of 2020, she generated $ 1.93 billion in revenue. This is 26% more in annual terms. Compared to the first quarter of this year, revenue increased by 8%.
AMD revenue for the year grew 26%, net profit – 4.5 times
Gross profit for the year increased from 41% to 44%. Operating income was $ 173 million. For comparison: in the first quarter of 2020, this figure was $ 177 million, and a year ago – $ 59 million.
The quarter ended with a net profit of $ 157 million. In the first quarter, net profit was $ 162 million, that is, it decreased slightly, but in the second quarter of 2019, net profit was $ 35 million, that is, it increased by $ 122 million over the year. Non-GAAP calculation results in $ 233 million in operating income and $ 216 million in net income. A year ago, the corresponding values were $ 111 million and $ 92 million.
The company had $ 1.78 billion in cash and cash equivalents at the end of the quarter.
