― Record quarterly revenue of $6.6 billion grew 70% year-over-year;
Record quarterly operating cash flow exceeded $1 billion ―
SANTA CLARA, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2022 of $6.6 billion, gross margin of 46%, operating income of $526 million, operating margin of 8%, net income of $447 million and diluted earnings per share of $0.27. On a non-GAAP(*) basis, gross margin was 54%, operating income was $2.0 billion, operating margin was 30%, net income was $1.7 billion and diluted earnings per share was $1.05.
GAAP Quarterly Financial Results
| Q2 2022 | Q2 2021 | Y/Y | |
| Revenue ($M) | $6,550 | $3,850 | Up 70% |
| Gross profit ($M) | $3,028 | $1,830 | Up 65% |
| Gross margin % | 46% | 48% | Down 140 bps |
| Operating expenses ($M) | $2,508 | $1,000 | Up 151% |
| Operating income ($M) | $526 | $831 | Down 37% |
| Operating margin % | 8% | 22% | Down 14 pp |
| Net income ($M) | $447 | $710 | Down 37% |
| Earnings per share | $0.27 | $0.58 | Down 53% |
Non-GAAP(*) Quarterly Financial Results
| Q2 2022 | Q2 2021 | Y/Y | |
| Revenue ($M) | $6,550 | $3,850 | Up 70% |
| Gross profit ($M) | $3,538 | $1,832 | Up 93% |
| Gross margin % | 54% | 48% | Up 640 bps |
| Operating expenses ($M) | $1,562 | $909 | Up 72% |
| Operating income ($M) | $1,982 | $924 | Up 115% |
| Operating margin % | 30% | 24% | Up 6 pp |
| Net income ($M) | $1,707 | $778 | Up 119% |
| Earnings per share | $1.05 | $0.63 | Up 67% |
“We delivered our eighth straight quarter of record revenue based on our strong execution and expanded product portfolio,” said AMD Chair and CEO Dr. Lisa Su. “Each of our segments grew significantly year-over-year, led by higher sales of our data center and embedded products. We see continued growth in the back half of the year highlighted by our next generation 5nm product shipments and supported by our diversified business model.”
