Advanced Micro Devices, Inc. (AMD) stock prices were down by a marginal 0.23% as of market close on April 27th, 2021, bringing the price per share down to USD$85.21 at the end of the trading day. AMD stock was up 4.06% to $88.67 in premarket today as of this writing.
AMD Revenue Reports
As a result of revenue increases in Computing and Graphics, as well as in Enterprise, Embedded, and Semi-custom segments, overall revenue for the first quarter of 2021 was reported at USD$3.45 billion. This represents a 93% increase from the same time period over the previous year and a 6% increase compared to the previous quarter of the same year.
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AMD Gross Margin Reports
Gross margins remained constant compared to Q1 2020 at 46%, which is a 1% increase on the gross margins reported from the previous quarter. The company attributes the quarter-over-quarter increase in gross margin to greater variation in the company’s sales of a mix of Ryzen, Radeon, and EPYC processors.
AMD Operating Income Reports
Higher revenue also drove operating income up, with Q1 2021 reporting USD$662 million. This is a massive increase from the USD$177 million reported in Q1 2020, with Q4 2020 having reported USD$570 million. Net income also skyrocketed to USD$555 million, up from USD$162 million reported in Q1 2020. Q4 2020 reported a net income of USD$1.78 billion, of which USD$1.3 billion was a tax income benefit associated with a valuation allowance release.
AMD’s EPYC 7003 Series
AMD recently announced the release of the AMD EPYC 7763 as a part of its EPYC 7003 series. This move saw the company consolidate its per-socket and per-core performance leadership, seeing how the processor is the world’s highest performance server processor. The EPYC 7763 beats out its competitors by providing a 200% increase in HPC, cloud and enterprise workload performance.
Scope of EPYC 7003 Series
The AMD EPYC 7003 series has since been announced in offerings by various partners, with Google Cloud being one of the many announcements regarding the provision of innovative EPYC 7003-powered solutions by leading cloud providers. Dell and Lenovo are just some of the names of server providers who have continued to launch what is projected to be more than 100 EPYC 7003 powered platforms through 2021.
Future Outlook for AMD
Armed with cash, cash equivalents, and short-term investments as of the end of Q4 2020, AMD is well positioned to capitalize on the expansion of its market footprint. With the best product portfolio they have ever had, the company is poised to continue its remarkable growth and usher in sustained and significant increases in shareholder value.
