SANTA CLARA, Calif., April 28, 2020 (GLOBE NEWSWIRE) --
AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2020 of $1.79 billion, operating income of $177 million, net income of $162 million and diluted earnings per share of $0.14. On a non-GAAP* basis, operating income was $236 million, net income was $222 million and diluted earnings per share was $0.18.
GAAP Quarterly Financial Results
| Q1 2020 | Q1 2019 | Y/Y | Q4 2019 | Q/Q | |
| Revenue ($B) | $1.79 | $1.27 | Up 40% | $2.13 | Down 16% |
| Gross margin | 46% | 41% | Up 5pp | 45% | Up 1pp |
| Operating expenses ($M) | $641 | $543 | Up $98 | $601 | Up $40 |
| Operating income ($M) | $177 | $38 | Up $139 | $348 | Down $171 |
| Net income ($M) | $162 | $16 | Up $146 | $170 | Down $8 |
| Earnings per share | $0.14 | $0.01 | Up $0.13 | $0.15 | Down $0.01 |
Non-GAAP* Quarterly Financial Results
| Q1 2020 | Q1 2019 | Y/Y | Q4 2019 | Q/Q | |
| Revenue ($B) | $1.79 | $1.27 | Up 40% | $2.13 | Down 16% |
| Gross margin | 46% | 41% | Up 5pp | 45% | Up 1pp |
| Operating expenses ($M) | $584 | $498 | Up $86 | $545 | Up $39 |
| Operating income ($M) | $236 | $84 | Up $152 | $405 | Down $169 |
| Net income ($M) | $222 | $62 | Up $160 | $383 | Down $161 |
| Earnings per share | $0.18 | $0.06 | Up $0.12 | $0.32 | Down $0.14 |
