AMD announced today that it will release its Q2 2022 financial results on August 2.
There is no doubt that the Q2 results will be high again, AMD previously in Q1 earnings forecast Q2 revenue,Revenue is expected to be approximately $6.5 billion, up 69% year-over-year and 10% sequentially, with non-GAAP gross margin of 54%.
AMD expects full-year revenue of $26.3 billion, up 60 percent from 2021 and up 31 percent from its previous forecast, helped by the combination of operations following the Selins acquisition and a surge in AMD's processor and semi-custom chip business.
On May 3, AMD reported Q1 2022 revenue of $5.89 billion ($5.52 billion expected), up 71% year-over-year, and the first quarter in the company's history to exceed $5 billion in revenue.
This quarter's revenue includes some revenue from the acquisition of Silas, which contributed about $560 million,But excluding this revenue, AMD's overall performance is still surging, also more than $5 billion.
In terms of profit, gross profit was $2.82 billion, up 78% year-on-year and 16% quarter-on-quarter. Gross profit margin was 48%, up 2 percentage points year-on-year and down 2.4 percentage points quarter-on-quarter, while net profit was $786 million, up 42% year-on-year but down 19% quarter-on-quarter.
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