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AMD Earnings Call Highlights!
A few highlights from the $AMD earnings call!
Strong operating leverage:
- "Annual revenue grew 68% to a record $16.4 billion, and we expanded gross margin for the sixth straight year. We also delivered record net income and EPS, both of which more than doubled year-over-year."
Margin Expansion:
- "Gross margin was 48%, up 370 basis points from the prior year, driven by the strength and competitiveness of our EPYC, Radeon and Ryzen processors. Operating expenses were 24% of revenue compared to 28% in 2020."
Cloud and Server Growth:
- "In cloud, revenue more than doubled year-over-year as the largest providers expanded internal deployments and more than 130 new AMD-powered instances launched from Amazon Web Services, Alibaba, Google, IBM, Microsoft Azure and others." $AMZN $GOOG $BABA $MSFT $IBM
- "The growth will be led by server. So from what we see from customers and sort of design wins and platforms and all that, server will be very strong next year."
Source: AMD Earnings Call
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