Key insights
7 takeaways · ~3 min read- 01AMD's net revenue significantly increased, reaching $4,313 million for the three months ended September 25, 2021, up from $2,801 million in the prior year, and $11,608 million for the nine months, compared to $6,519 million previously.
- 02Gross margin improved to 48% for the three months and 47% for the nine months ended September 25, 2021, up from 44% in both prior year periods.
- 03The acquisition of Xilinx is expected to close by the end of calendar year 2021, with stockholder approvals obtained on April 7, 2021, and regulatory approvals from the UK and European Commission received in June 2021.
- 04Short-term investments grew to $1,168 million as of September 25, 2021, from $695 million in December 2020, primarily driven by an increase in commercial paper holdings.
- 05Inventories increased to $1,902 million as of September 25, 2021, from $1,399 million in December 2020, largely due to a rise in work-in-process inventory.
- 06Income tax provision increased substantially to $82 million for the three months and $284 million for the nine months ended September 25, 2021, compared to $12 million and $22 million respectively in the prior year, due to higher income in the United States.
- 07International sales continue to be a significant portion of net revenue, accounting for 67% for the three months and 72% for the nine months ended September 25, 2021.
Summary
SEC 10-Q filing for AMD, filed 2021-10-27.
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