AMD With Record Earnings in 2020

AMD published financial results for the fiscal year 2020. The manufacturer reported revenue 45% higher than previous year - it amounted to $9.76 billion, which is $3.03 billion more than in 2019. It managed to make a profit of $2.49 billion (based on GAAP), while a year earlier AMD earned "only" $341 million. It is worth mentioning that in the fourth quarter, revenues recorded a 53% increase over the same period of 2019, bringing the company $3.2 billion ($1.78 billion in GAAP profit). It proved to be a record year for AMD.

Financial summary of 2020. Source: AMD

A comparison of 2020 and 2019 quarterly results. Source: AMD

Such good financial results can be attributed to the on-going pandemic and the resulting emphasis on remote work mode. Also not without significance were the launches of new products - Radeon RX 6000 (RX 6800 and RX 6900 XT) and Zen 3 generation CPUs, as well as PS5 and Xbox Series X/S, which use AMD chipsets. However unsuccessful this year seems for many, not everyone will agree. Too bad new GPUs are still so hard to buy...

• AMD - official homepage
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