AMD reports 2021 revenue of $16.4 billion

2022-05-31 0 By

On February 7, CNMO learned that AMD announced its fourth-quarter and annual 2021 financial results.AMD reported revenue of $4.8 billion in the fourth quarter of 2021, up 49% from a year earlier.Gross profit was 50%, up more than 5% year over year;Operating income was $1.2 billion and net income was $974 million.Non-gaap operating income was $1.3 billion and net income was $1.1 billion.Overall, full-year revenue in 2021 was $16.4 billion, up 68% from the previous year;Gross profit was 48%, up more than 3% from 2020;Operating income was $3.6 billion and net income was $3.2 billion.Non-gaap operating income was $4.1 billion and net income was $3.4 billion.Notably, AMD announced that it has received approval from the State Administration for Market Regulation of the People’s Republic of China for the acquisition of Syrynx, which is expected to be completed in the first quarter of 2022.Also, AMD announced the launch of a full new Dragon mobile processor, using powerful 3D V-cache technology.In addition, AMD also announced the launch of the new AMD Instinct MI200 series accelerators, the world’s leading high-performance computing and artificial intelligence accelerators.Dr. Zifeng Su, PRESIDENT and CEO of AMD, said: “AMD expects to continue to experience significant growth in 2022 as it volumes its existing product portfolio and launches its next generation of PC, gaming and data center products.