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July 27 , 2021 AMD Reports Second Quarter 2021 Financial Results Revenue increased 99 percent year - over - year ; Gross Margin expanded to 48 percent - SANTA CLARA , Calif . , July 27 , 2021 ( GLOBE NEWSWIRE ) -- AMD ( NASDAQ : AMD ) today announced revenue for the second quarter of 2021 of $ 3.85 billion , operating income of $ 831 million , net income of $ 710 million and diluted earnings per share of $ 0.58 . On a non GAAP * basis , operating income was $ 924 million , net income was $ 778 million and diluted earnings per share was $ 0.63 . Revenue ( $ M ) Gross profit ( $ M ) Gross margin % Operating expenses ( $ M ) Operating income ( $ M ) Operating margin % Net income ( $ M ) Earnings per share Revenue ( $ M ) Gross profit ( $ M ) Gross margin % Operating expenses ( $ M ) Operating income ( $ M ) Operating margin % Net income ( $ M ) Earnings per share GAAP Quarterly Financial Results Q2 2021 $ 3,850 $ 1,830 48 % $ 1,000 $ 831 22 % $ 710 $ 0.58 AMD Q2 2020 $ 1,932 $ 848 44 % $ 675 $ 173 9 % $ 157 $ 0.13 Q2 2021 $ 3,850 $ 1,832 48 % $ 909 $ 924 24 % $ 778 $ 0.63 Q2 2020 $ 1,932 $ 850 44 % $ 617 $ 233 12 % $ 216 $ 0.18 Y / Y Up 99 % Up 116 % Up 4pp Up 48 % Up 380 % Non - GAAP * Quarterly Financial Results Up 13pp Up 352 % Up 346 % Y / Y Up 99 % Up 116 % Up 4pp Up 47 % Up 297 % Up 12pp Up 260 % Up 250 % Q1 2021 $ 3,445 $ 1,587 46 % $ 929 $ 662 19 % $ 555 $ 0.45 Q1 2021 $ 3,445 $ 1,588 46 % $ 830 $ 762 22 % $ 642 $ 0.52 Q / Q Up 12 % Up 15 % Up 2pp Up 8 % Up 26 % Up 3pp Up 28 % Up 29 % Q / Q Up 12 % Up 15 % Up 2pp Up 10 % Up 21 % Up 2pp Up 21 % Up 21 % " Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year - over - year , " said AMD president and CEO Lisa Su . " We are growing significantly faster than the market with strong demand across all of our businesses . We now expect our 2021 annual revenue to grow by approximately 60 percent year - over - year driven by strong execution and increased customer preference for our leadership products . " Q2 2021 Results • Revenue was $ 3.85 billion , up 99 percent year - over - year and 12 percent quarter - over quarter driven by higher revenue in both the Computing and Graphics segment and Enterprise and Embedded and Semi - custom segment .