ASUS TUF Gaming RX 6800Source: Windows Central

What you need to know

  • AMD saw record revenue for Q4 2021 and for all of last year.
  • Fourth-quarter revenue of $4.8 billion capped off a year in which AMD brought in $16.4 billion.
  • AMD's data center revenue doubled year-over-year, due in large part to "growing adoption" of its EPYC processors.

AMD just shared figures for the fourth quarter of 2021 and for the entirety of last year. The tech giant brought in record revenue in both the final quarter of 2021 and in the year overall. Growth was driven by several factors, including "growing adoption" of AMD's EPYC processors in the cloud and enterprise space.

In Q4 2021, AMD brought in $4.8 billion of revenue, which is an increase of 49% year-over-year. The company's operating income in that quarter was $1.2 billion, and its net income was $974 million.

AMD earned $16.4 billion in revenue in 2021. Its operating income was $3.6 billion, and its net income was $3.2 billion.

"2021 was an outstanding year for AMD with record annual revenue and profitability," said Dr. Lisa Su, AMD's President and CEO. "Each of our businesses performed extremely well, with data center revenue doubling year-over-year driven by growing adoption of AMD EPYC processors across cloud and enterprise customers. We expect another year of significant growth in 2022 as we ramp our current portfolio and launch our next generation of PC, gaming and data center products.

Category Q4 202 Q4 2020 Y/Y Q3 2021 Q/Q
Revenue ($M) $4,826 $3,244 Up 49% $4,313 Up 12%
Gross profit ($M) $2,426 $1,451 Up 67% $2,086 Up 16%
Gross margin % 50% 45% Up 560 bps 48% Up 190 bps
Operating expenses ($M) $1,223 $881 Up 39% $1,141 Up 7%
Operating income ($M) $1,207 $570 Up 112% 948 Up 27%
Operating margin % 25% 18% Up 7pp 22% Up 3pp
Tax valuation allowance release benefit ($M)(1) - $1,301 - - -
Net income ($M) $974 $1,781 Down 45% $923 Up 6%
Earnings per share $0.80 $1.45 Down 45% $0.75 Up 7%

In addition to data center growth, AMD saw success with its new Radeon RX 6000M Series and Radeon RX 6000S Series mobile graphics. Three new Radeon RX 6000 Series desktop graphics cards also launched last year.

AMD expects revenue of approximately $5.0 billion in the first quarter of 2022. Revenue of approximately $21.5 billion is expected by AMD for all of 2022.