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AMD smashes records with $4.3 billion in Q3 2021 revenue

AMD Ryzen 9 5950X
AMD Ryzen 9 5950X (Image credit: Rich Edmonds / Windows Central)

What you need to know

  • AMD reported $4.3 billion in revenue during Q3 2021.
  • The company saw an operating income of $948 million during the quarter.
  • AMD set several records, including Q3 2021 bringing in the most revenue in any single quarter for the company.

AMD announced its Q3 2021 earnings this week. The tech giant saw significant growth across the board, including setting several records. AMD's revenue of $4.3 billion in Q3 2021 is the best third quarter and best overall quarter ever for the company. AMD's Q3 2021 revenue is 54% higher than Q3 2020 ($2.8 billion), which was a record at the time.

"AMD had another record quarter as revenue grew 54% and operating income doubled year-over-year," said AMD president and CEO Dr. Lisa Su. "3rd Gen EPYC processor shipments ramped significantly in the quarter as our data center sales more than doubled year-over-year. Our business significantly accelerated in 2021, growing faster than the market based on our leadership products and consistent execution."

Here's a breakdown of AMD's financial results:

MetricQ3 2021Q3 2020Y/YQ2 2021Q/Q
Revenue ($M)$4,313$2,801Up 54%$3,850Up 12%
Gross profit ($M)$2,086$1,230Up 70%$1,830Up 14%
Gross margin %48%44%Up 450 bps48%Up 80 bps
Operating expenses ($M)$1,141$781Up 46%$1,000Up 14%
Operating income ($M)$948$449Up 111%$831Up 14%
Operating margin %22%16%Up 6pp22%Flat
Net income ($M)$923$390Up 137%$710Up 30%
Earnings per share$0.75$0.32Up 134%$0.58Up 29%

Profitability grew at a higher rate than revenue for AMD. The company saw a net income of $923 million, which is a 137% increase over the same quarter in 2020.

AMD's Computing and Graphics sector brought in $2.4 billion in revenue in the quarter. That area includes desktop and notebook CPU sales and GPU sales. That marks a 44% increase over Q2 2021. The segment's operating income went up as well from $384 million to $513 million year-over-year.

Here are AMD's figures for the Computing and Graphics segment:

MetricQ3 2021Q3 2020Q2 2021
Revenue ($M)$2,398$1,667$2,250
Operating income ($M)$513$384$526

The Enterprise, Embedded, and Semi-Custom segment of AMD also saw growth:

MetricQ3 2021Q3 2020Q2 2021
Revenue ($M)$1,915$1,134$1,600
Operating income ($M)$542$141$398

Q3 2021 is the sixth straight quarter of record server processor revenue for AMD.

Sean Endicott
News Writer and apps editor

Sean Endicott brings nearly a decade of experience covering Microsoft and Windows news to Windows Central. He joined our team in 2017 as an app reviewer and now heads up our day-to-day news coverage. If you have a news tip or an app to review, hit him up at sean.endicott@futurenet.com (opens in new tab).

2 Comments
  • And they're doing this all while in the middle of a chip shortage. That's fantastic!
  • sure is, pretty amazing earnings for how tough it is to get GPUs and how long it took to get retail on the 5xxx CPUs