NASDAQ$AMD
Advanced Micro Devices Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
AMD's Q4 2019 earnings were released, showcasing record quarterly revenue and margin expansion.
AMD reported strong Q4 2019 results with record revenue of $2.13 billion, a 50% increase year-over-year, driven by the Computing and Graphics segment. Gross margin expanded to 45%, and operating income reached $348 million. The company's success was attributed to the ramp of 7nm products and strong sales of Ryzen and EPYC processors.
- Revenue increased by 50% year-over-year to $2.13 billion, driven by Computing and Graphics segment.
- Gross margin reached 45%, up from 38% year-over-year, benefiting from 7nm product ramp.
- Operating income was $348 million, a significant increase from $28 million in the prior year.
- Free cash flow was $400 million, compared to $79 million in the previous year.
Headline financials
Revenue & EPS history
AMD · Revenue · Quarterly
$2.13B
Revenue by segment
AMD · $5.8B total across 4 segments · Q3 2023
- Data Center$1.6B-0.7%27.6%
- Gaming$1.51B-7.7%26.0%
- Client$1.45B+42.2%25.1%
- Embedded$1.24B-4.6%21.4%
Forward guidance
For Q1 2020, AMD expects revenue to be approximately $1.8 billion, plus or minus $50 million, an increase of approximately 42 percent year-over-year. For the full year 2020, AMD expects revenue growth of approximately 28 to 30 percent over 2019.
Tailwinds
- Strong growth of Ryzen product sales
- Strong growth of EPYC product sales
- Strong growth of Radeon product sales
- Non-GAAP gross margin to be approximately 46 percent in Q1 2020
- Revenue growth of approximately 28 to 30 percent over 2019
Headwinds
- Sequential decrease driven primarily by negligible semi-custom revenue
- Semi-custom revenue continues to soften in advance of the ramp of next generation products
- Seasonality
- Market conditions
- Factors set forth under Cautionary Statement
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
-0.7%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+6.2%
Avg return
30 days after
39%
27 / 69 earnings
Positive
+47.8%
Q1 2016
Best reaction
-23.2%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.7% | +29.0% | +31.1% | |
| Q4 2025 | -9.6% | -10.8% | -20.5% | |
| Q3 2025 | +3.6% | -2.4% | -12.8% | |
| Q2 2025 | -6.4% | -1.2% | -13.3% | |
| Q1 2025 | +1.9% | +9.6% | +17.8% | |
| Q4 2024 | -6.3% | -7.5% | -16.1% | |
| Q3 2024 | -7.1% | -11.3% | -14.8% | |
| Q2 2024 | +3.4% | -5.2% | +4.1% | |
| Q1 2024 | -9.9% | -6.0% | +4.1% | |
| Q4 2023 | -5.7% | -0.1% | +8.3% | |
| Q3 2023 | +12.3% | +16.7% | +26.0% | |
| Q2 2023 | -4.4% | +1.2% | -7.6% | |
| Q1 2023 | -9.0% | +0.2% | +33.2% | |
| Q4 2022 | +16.8% | +18.8% | +11.0% | |
| Q3 2022 | -2.4% | +3.5% | +29.0% | |
| Q2 2022 | +1.4% | +5.7% | -14.9% | |
| Q1 2022 | +10.7% | +6.1% | +20.9% | |
| Q4 2021 | +7.4% | +8.2% | -2.0% | |
| Q3 2021 | -0.1% | -1.7% | +29.0% | |
| Q2 2021 | +6.7% | +15.7% | +16.8% | |
| Q1 2021 | -1.6% | -4.4% | -8.2% | |
| Q4 2020 | -5.6% | -9.0% | -12.4% | |
| Q3 2020 | -7.1% | -8.4% | +5.4% | |
| Q2 2020 | +10.3% | +12.3% | +21.5% | |
| Q1 2020 | -5.0% | -11.7% | -8.4% | |
| Q4 2019 | -3.6% | -4.6% | -10.7% | |
| Q3 2019 | -1.7% | +3.6% | +17.0% | |
| Q2 2019 | -9.1% | -12.1% | -6.1% | |
| Q1 2019 | -3.2% | +1.9% | +1.2% | |
| Q4 2018 | +14.4% | +21.5% | +16.6% | |
| Q3 2018 | -23.2% | -32.8% | -22.8% | |
| Q2 2018 | +13.3% | +20.0% | +48.1% | |
| Q1 2018 | +9.4% | +7.8% | +34.2% | |
| Q4 2017 | +3.2% | -6.5% | -10.7% | |
| Q3 2017 | -12.6% | -16.0% | -19.4% | |
| Q2 2017 | +4.2% | -1.5% | -11.7% | |
| Q1 2017 | -22.4% | -23.4% | -15.9% | |
| Q4 2016 | +13.7% | +15.4% | +31.0% | |
| Q3 2016 | -3.7% | +10.8% | +28.7% | |
| Q2 2016 | +7.9% | +29.0% | +40.9% | |
| Q1 2016 | +47.8% | — | — | |
| Q4 2015 | -11.3% | — | — | |
| Q3 2015 | -0.5% | — | — | |
| Q2 2015 | -8.7% | — | — | |
| Q1 2015 | -4.6% | — | — | |
| Q4 2014 | +2.5% | — | — | |
| Q3 2014 | +4.2% | — | — | |
| Q2 2014 | -17.8% | — | — | |
| Q1 2014 | +9.6% | — | — | |
| Q4 2013 | -12.2% | — | — | |
| Q3 2013 | -13.7% | — | — | |
| Q2 2013 | -8.0% | — | — | |
| Q1 2013 | +2.9% | — | — | |
| Q4 2012 | +11.0% | — | — | |
| Q3 2012 | -21.3% | — | — | |
| Q2 2012 | -13.7% | — | — | |
| Q1 2012 | -2.6% | — | — | |
| Q4 2011 | +2.5% | — | — | |
| Q3 2011 | -1.6% | — | — | |
| Q2 2011 | -0.2% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q1 2011 | -3.1% | — | — | |
| Q4 2008 | -6.2% | — | — | |
| Q4 2010 | -6.2% | — | — | |
| Q3 2009 | +6.2% | — | — | |
| Q3 2010 | +6.2% | — | — | |
| Q2 2009 | -0.1% | — | — | |
| Q4 2009 | -0.1% | — | — | |
| Q2 2010 | -0.1% | — | — |
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