AMD’s net profit almost tripled during 2021

Little by little, companies are finalizing their earnings reports for 2021, and in this case it is AMD who has just published its earnings report for the last quarter of the year, completing the data for the entire year and showing great growth compared to the numbers of 2020.

AMD revealed that in the last quarter 2021 it obtained revenues of 4.8 billion dollars, 49% more than in the same period during 2020, and 12% more than the previous quarter. Net profits were $974 million, compared to $1.8 billion in the same period last year, although these included a $1.3 billion tax credit, so excluding this bonus, revenues increased to almost double.

Taking 2021 as a whole into account, AMD revenue was $16.4 billion, up 68% from 2020. Net profit was $3.2 billion versus $2.5 billion in 2020, which as previously mentioned included $1.3 billion. million dollars for a tax credit, so in reality said income had been 1.2 billion dollars, marking a growth of 166% year-on-year, which is truly insane.

How is this revenue divided between consumer products and the server and custom chip division?

While AMD didn’t disclose how revenue is split between these segments on an annual basis, it did disclose how it was split in the latest quarter.

The Computing and Graphics division, which houses AMD Ryzen processors and Radeon RX graphics cards, had revenue of $2.6 billion and net profit of $566 million, up from $420 million in the same period. a year ago.

The Business, Embedded and Semi-Custom division, where the EPYC processors and graphics cards for AI, the new chips for Tesla, the chips for the latest Playstation and Xbox, among some other products, had lower revenues than the division previous year, reaching 2.2 billion dollars, but higher net profits, reaching 762 million dollars compared to 242 million in the same period last year, marking a strong increase by tripling net profits.

AMD estimates that these numbers will continue to grow even more during 2022, so the future for the red company is more than positive. Everything indicates that the demand will remain high, and later with its Zen 4 CPUs and RDNA3 GPUs, sales will increase even more, so another great year is ahead for the reds.

What do you think about this great growth that AMD had during 2021? Do you think you will be able to maintain this growth during 2022?

Source: TechPowerUp