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AMD Communications
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AMD Reports First Quarter 2019 Financial Results
-Gross margin expands to 41%, up 5 percentage points year-over-year-

SANTA CLARA, Calif. - April 30, 2019 -
AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2019 of $1.27 billion, operating income of $38 million, net income of $16 million and diluted earnings per share of $0.01. On a non-GAAP(*) basis, operating income was $84 million, net income was $62 million and diluted earnings per share was $0.06.

GAAP Quarterly Financial Results
 
Q1 2019
Q1 2018
Y/Y
Q4 2018
Q/Q
Revenue ($B)
$1.27
$1.65
Down 23%
$1.42
 Down 10%
Gross margin
41%
36%
Up 5 pp
38%
Up 3 pp
Operating expense ($M)
$543
$477
Up $66
$509
Up $34
Operating income ($M)
$38
$120
Down $82
$28
Up $10
Net income ($M)
$16
$81
Down $65
$38
Down $22
Earnings per share
$0.01
$0.08
Down $0.07
$0.04
Down $0.03

Non-GAAP(*) Quarterly Financial Results
 
Q1 2019
Q1 2018
Y/Y
Q4 2018
Q/Q
Revenue ($B)
$1.27
$1.65
Down 23%
$1.42
 Down 10%
Gross margin
41%
36%
 Up 5 pp
41%
Flat
Operating expense ($M)
$498
$446
Up $52
$474
Up $24
Operating income ($M)
$84
$152
Down $68
$109
 Down $25
Net income ($M)
$62
$121
Down $59
$87
 Down $25
Earnings per share
$0.06
$0.11
Down $0.05
$0.08
 Down $0.02

“We delivered solid first quarter results with significant gross margin expansion as Ryzen and EPYC processor and datacenter GPU revenue more than doubled year-over-year,” said Dr. Lisa Su, AMD president and CEO. “We look forward to the upcoming launches of our next-generation 7nm PC, gaming and datacenter products which we expect to drive further market share gains and financial growth.”


1

The following information was filed by Advanced Micro Devices Inc (AMD) on Tuesday, April 30, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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