AMD report published for the first quarter of 2020
AMD has published a report for the first quarter of 2020. The reporting period brought AMD record revenue for the first quarter – $ 1.79 billion. It is 16% less than revenue in the previous quarter, but 40% more than the company’s revenue in the first quarter of 2019, equal to $ 1.27 billion.
The first quarter of 2020 brought AMD record revenue, earnings for the year grew tenfold
Operating profit for the year increased from $ 38 million to $ 177 million, and net profit from $ 16 million to $ 162 million. Non-GAAP accounting yields an operating profit of $ 236 million and a net profit of $ 222 million. The gross profit margin increased from 41% to 46%.
For the current quarter, the revenue of $ 1.85 ± 0.1 billion is projected, corresponding to an annualized growth of 21%. General growth for 2020 is projected at 20-30%.
