AMD reports 4Q 2020 and annual financial results for 2020. According to this, sales in the fourth quarter of 2020 were $3.24 billion, an increase of 53% year-on-year, and annual revenue increased 45% year-on-year to $9.76 billion, and quarterly and annual net profits more than doubled year-on-year.
Based on U.S. GAAP, the fourth quarter of 2020 results were total sales of $3.24 billion, gross profit of $1.45 billion, gross margin of 45%, operating profit of $570 million, and net profit of $1,78,100 It’s ten thousand dollars. In addition, non-GAAP operating profit was $663 million and net profit was $636 million.
Total sales increased 53% year-on-year and 16% more than the previous quarter. AMD reports that the increase in sales was due to strong performance in the computing and graphics sectors, enterprise and embedded, and semi-custom sectors. In addition, it is appealing that operating profit increased by 64% compared to the same period last year due to the increase in total sales.
Computing and graphics revenue is $1.96 billion. AMD said that the sales of Ryzen processors increased by 18% year-on-year due to the strong sales of Ryzen processors, and reported that the average sales price of client processors decreased year-on-year due to the increase in mobile Ryzen sales organizations. In addition, Ryzen processor sales increased, and the operating profit of this division was $420 million, up from the same period last year.
Corporate, embedded and semi-custom revenues were $1.28 billion, up 176% year-on-year and 13% year-on-year. The operating profit also increased to 245 million dollars from the same period of the previous year and the previous year. According to AMD, sales of semi-custom products and Epic processors are good.
In 2020, the annual settlement was $97.63 billion, gross profit was $4.347 billion, gross profit margin was 45%, operating profit was $1.36 billion, and net profit was $2.49 billion. In 2020, total sales increased 45% year-on-year, and gross profit margin increased 2 points year-on-year. AMD said that the reason for the increase in gross margin was due to the strong sales of Ryzen and Epic processors.
AMD expects revenues for the first quarter of 2021 to be $3.2 billion, up 79% year-on-year and 1% decrease over the previous quarter. In addition, annual total sales in 2021 are expected to increase by 37% compared to 2020. AMD CEO Lisa Su said that the company has accelerated business significantly in 2020 to achieve record annual sales, while also expanding gross margin and doubling net profit from 2019. He also emphasized the demand for its products and high-performance computing in the PC, gaming and data center markets as a financial outlook for 2021, highlighting that AMD is looking forward to opportunities and is confident in its long-term strategy to continue implementing its roadmap. Related information can be found here .