AMD (AMD) Jumps on Beat-and-Raise Earnings as Revenues Rise 71% Amid Xilinx Deal
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AMD Reports First Quarter 2022 Financial Results
May 3, 2022 4:11 PM EDTRecord quarterly revenue of $5.9 billion grew 71% year-over-year; Gross margin grew 2 percentage points and non-GAAP gross margin grew 7 percentage points year-over-year
SANTA CLARA, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the first quarter of 2022 of $5.9 billion, gross margin of 48%, operating income of $951 million, operating margin of 16%, net income of $786 million and diluted earnings per share of $0.56. On a non-GAAP(*) basis, gross margin was 53%, operating income was $1.8 billion, net income was $1.6 billion and diluted... More
