AMD has released a report for the fourth quarter of 2020 and for the year as a whole. Financial indicators show that the manufacturer is on the rise.
In the fourth quarter, revenue of $ 3.244 billion was generated, up 16% qoq and 53% yoy. Operating profit was $ 1.451 billion. In quarterly terms, it increased by 18%, in annual terms – by 53%. The gross profit was 45%. Net profit for the year increased from $ 170 million to $ 1.781 billion.
For
2020 as a whole generated revenue of $ 9.763 billion. This is 45% more than in 2019, equal to $ 6.731 billion. Operating income for the year increased from $ 2.868 billion to $ 4.347 billion, or 52%. Gross profit for the year increased from 43% to 45%. Finally, net income increased from $ 341 million to $ 2.490 billion.
At the end of the year, the manufacturer had cash and cash equivalents in the amount of $ 2,296 million. For comparison: the company finished 2019 with $ 1.5 billion.
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