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AMD has reported for the past quarter and 2021 as a whole

AMD has published its latest financial report. It includes data for the fourth quarter of 2021 and for the year as a whole. The compilers of the report claim that revenue in 2021 was a record high. However, let's start with the results of the quarter.

Revenue in the fourth quarter amounted to 4.826 billion dollars, while a year ago the figure was 3.244 billion dollars, that is, there is an increase of 49%. Operating income in annual terms increased by 112%, from $570 million to $1.207 billion. Interestingly, the quarterly net profit in annual terms decreased: from 1.781 billion dollars to 974 million dollars, that is, by 45%. To clarify, such a large increase is due to a tax credit of $1.3 billion. However, the non-GAAP calculation, which removes the influence of US tax peculiarities, puts everything in its place: quarterly net income is equal to $1.122 billion, up 76% compared to a year ago of $636 million.

Revenue for all of 2021 was $16.434 billion. Compared to 2020 revenue of $9.763 billion, it is up 68%. Operating profit compared to 2020 increased by 166% - from 1.369 to 3.648 billion dollars. Net profit compared to 2020 increased by 27% - from 2.490 to 3.162 billion dollars.

The report noted that the average prices of CPUs and GPUs have increased, and EPYC processors have enjoyed great success in the enterprise market.

For the current quarter, revenue is projected at $5.0±0.1 billion, and for 2022 as a whole - $21.5 billion.

AMD has reported for the past quarter and 2021 as a whole