The company achieved $ 3.2 billion in revenue this quarter, up 53 percent from $ 2.1 billion in the third quarter, and there is $ 1.78 billion in profit this quarter, up 948 percent from $ 170 million in the third quarter.
For the whole of 2020, the company generated $ 9.76 billion in revenue, up 45 percent from $ 6.7 billion in 2019.
The company’s profits for the entire year of 2020 were $ 2.49 billion, up 630 percent from $ 341 million in 2019, and according to the company, those profits include the $ 1.30 billion fourth-quarter income tax benefit associated with the issuance of the valuation allowance.
The company operates on all fronts these days and is involved in the manufacture of modern PlayStation and Xbox platforms, and has powerful CPUs for desktop computers. NVIDIA’s GPU performance is almost to blame.
The company is also about to challenge Intel in terms of laptops with its Ryzen 5000 mobile CPUs and RDNA 2 GPUs slated for introduction later this year.
All of this translates into revenue that catches the eye, and AMD says: The current numbers represent record numbers for its revenue, despite previously saying: It expects weak demand in the second half of the year due to the epidemic.
More than half of its quarterly revenue came from the computing and graphics segment, which rose 18 percent year-on-year and quarterly driven primarily by strong sales of Ryzen processors.
AMD CEO Lisa Su said: The new Radeon 6000 cards launched quarterly shipments three times larger than any previous AMD gaming GPU, at a price of more than $ 550.
The company’s Vega cards were extremely difficult to find, and AMD never sold a gaming GPU for more than $ 550.
The Radeon HD 7970 was launched at $ 550, and the Radeon HD 6990 and Radeon HD 7990 cost about $ 700 and $ 1000 respectively, except that they were the Specialty Cards each containing two GPUs.