The processor manufacturer AMD announced the fourth quarter of 2020 and the full-year 2020 financial report on the early morning of January 27. Benefited from the strong market demand, AMD’s net profit in the fourth quarter of 2020 reached an astonishing US$1.781 billion, a 948% increase from the US$170 million in the same period in 2019, and an increase from the US$390 million in the third quarter. 357%. The full-year net profit for 2020, under non-GAAP, came to US$1.575 billion, a 108% increase from the 2019 net profit of US$756 million, and the EPS per share was US$1.29, which doubled the growth of US$0.64 in 2019. Coupled with the fact that the operating outlook for the first quarter of 2021 was better than market expectations, the stock price rose more than 2% after the market.

According to AMD’s financial report, revenue for the fourth quarter of 2020 was US$3.244 billion, an increase of 53% from US$2.127 billion in the same period in 2019, and a 16% increase from US$2.801 billion in the third quarter. The figure is also better than the market. The analyst's estimate of 3.02 billion US dollars. Under non-GAAP, net profit for the fourth quarter was US$636 million, an increase of 66% from US$383 million in the same period in 2019, and an increase of 27% from US$501 million in the third quarter. The EPS per share was US$0.52, better than the US$0.32 in the same period in 2019, and higher than the US$0.41 in the third quarter, and better than the market analyst’s estimate of US$0.47.

In the fourth quarter of 2020, AMD’s revenue analysis of various business divisions shows that revenue from the computing and graphics divisions was US$1.96 billion, better than the US$1.662 billion in the same period in 2019 and the US$1.667 billion in the third quarter. The revenue of the enterprise, embedded and semi-customized business units was US$1.284 billion, which was better than the US$465 million in the same period in 2019 and the US$1.134 billion in the third quarter. As for the loss of all other businesses of US$93 million, compared with the loss of US$57 million in the same period of 2019 and the loss of US$76 million in the third quarter, this is an increase.

Overall, in the case of non-GAAP, AMD’s gross profit in the fourth quarter of 2020 was US$1.452 billion, an increase of 53% from US$950 million in the same period in 2019, and an increase of 18% from US$1.231 billion in the third quarter. . And AMD's fourth quarter gross profit margin was 45%, the same as in the same period in 2019, an increase of 1 percentage point from the third quarter. Cumulatively, the full-year revenue for 2020 will be 9.763 billion U.S. dollars, an increase of 45% from the 6.731 billion U.S. dollars in 2019. In the case of non-GAAP, gross profit was US$4.353 billion, an increase of 51% from US$2.874 billion in 2019. The gross profit margin was 45%, an increase of 2 percentage points from 2019. Net profit was US$1.575 billion, an increase of 108% from US$756 million in 2019. EPS came to US$1.29 per share, an increase of 102% from US$0.64 in 2019. Figures are better than market analysts’ revenue of 9.55 billion U.S. dollars, and EPS estimates of $1.23 per share.

Regarding the operating outlook for the first quarter of 2021, AMD said that it expects revenue for the first quarter of 2021 to be approximately US$3.2 billion, a fluctuation of US$100 million, which is about 79% compared to the same period in 2020, and compared to the fourth quarter of 2020. A decrease of about 1%, this number has since exceeded market analysts' forecast of revenue of US$2.73 billion in the first quarter of 2021.