AMD today reported record revenues for the fourth quarter and full-year 2021, with major gains across PC, graphics, enterprise, and embedded.

“2021 was an outstanding year for AMD with record annual revenue and profitability,” AMD president and CEO Dr. Lisa Su said. “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.”

AMD reported a net income of $974 million on revenues of $4.8 billion for the fourth quarter of 2021, with revenues up 49 percent year-over-year (YOY). For the full year 2021, AMD reported a net income of $3.2 billion on revenues of $16.4 billion; those figures are up 27 percent and 68 percent respectively. Gross margins for 2021 were 50 percent, up 5 percent YOY.

(By comparison, AMD’s biggest competitor, Intel, reported a net income of $4.6 billion on record revenues of $20.5 billion for the fourth quarter and a net income of $19.9 billion on revenues of $79 billion for all of 2021. So it remains a disproportionately bigger company.)

AMD has three primary business units, with its Computing and Graphics segment reporting revenues of $2.6 billion in the quarter, up 32 percent YOY. Its Enterprise, Embedded and Semi-Custom segment reported revenues of $2.2 billion, up 75 percent YOY. And All Other reported an operating loss of $121 million, compared to an operating loss of $93 million one year ago.

AMD expects very strong YOY growth in the current quarter, with revenues increasing about 45 percent.

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