In this video, I will be going over AMD's (NASDAQ: AMD) Q4 earnings report. The company beat estimates across the board with record annual revenue and profitability. You can find the video below, but here are some of the highlights. The stock was up 7% at 9:50 a.m. ET.
Earnings summary
The company reported earnings per share of $0.92, beating estimates of $0.76, and revenue of $4.83 billion, beating estimates of $4.52 billion.
- Revenue grew 49% year over year (YOY) and 12% quarter over quarter (QOQ).
- The computing and graphics segment's revenue was $2.6 billion, up 32% YOY and 8% QOQ.
- The enterprise, embedded, and semi-custom segment's revenue was $2.2 billion, up 75% YOY and 17% QOQ. The increases were driven by higher EPYC processors (data center processors) and semi-custom product sales (gaming consoles such as the Xbox Series X and PlayStation 5).
- Gross profit grew 67% YOY to $2.42 billion, and gross margin came in at 50%, up 560 basis points.
- Earnings per share grew 77% YOY and 26% QOQ.
- Operating income doubled year over year.
- The company expects full-year 2022 revenue to grow by approximately 31% to $21.5 billion.
For the full insights, do watch the video below.
*Stock prices used were the closing prices of Feb. 1, 2022. The video was published on Feb. 2, 2022.
10 stocks we like better than Advanced Micro Devices
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Advanced Micro Devices wasn't one of them! That's right -- they think these 10 stocks are even better buys.
*Stock Advisor returns as of January 10, 2022
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool owns and recommends Advanced Micro Devices. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
