AMD has reported its fourth quarter and full year earnings. If you’re an investor, the numbers make for happy reading thanks to AMD’s best ever revenues. It continues to enjoy growth across all of its divisions.
The company reported a record $4.8 billion fourth quarter revenue, up 49 percent from the same quarter in 2020. Non GAAP net income rose from $636 million in Q4 2020 to $1.12 billion in Q4 2021, a 77 percent increase!
For PC gamers, the most relevant results are those from AMD’s Computing and Graphics division. Here, AMD reported a revenue of $2.6 billion which is a 32 percent increase year on year and an 8 percent increase quarter on quarter. For all the talk of how difficult things are for chip makers, the huge asking prices of GPUs are obviously helping to fatten up the coffers at AMD. Q4 2021 operating income was $566 million compared to $513 million in Q3 2021 and $420 million in Q4 2020.
AMD’s Enterprise, Embedded and Semi-Custom division generated $2.2 billion in revenue for the quarter. That’s a stunning 75 percent year-over-year increase thanks to strong EPYC sales and relentless demand for PlayStation and Xbox chips. Not unexpectedly, AMD expects console demand to continue for the foreseeable future.
It's important to note that these results mostly exclude the late 2021 market altering release of Intel’s 12th Generation CPU range. It will be interesting to see AMD’s Q1 2022 results given the strength of Intel’s non-K CPU lineup. There’s also the looming release of Intel’s Arc Alchemist GPU range which will naturally take away some of AMD’s (and Nvidia’s) GPU revenues, though that will only become apparent later in 2022. Zen 4 and RDNA3 GPUs are still many months away from release which may also slow
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