AMD Q2 2021 earnings results tout 99% revenue growth from 20

AMD Q2 2021 earnings results tout 99% revenue growth from 2020


Highlights
Cash
Cash, cash equivalents, and short-term investments were at $3.79 billion at the end of Q2 2021.
Cash from operations in Q2 2021 is at $952 million versus $243 million in Q2 2020.
Free cash flow is at a record $888 million in Q2 2021 versus $152 million from Q2 2020 and up from $832 million in Q1 2021.
Profitability
$831 million operating income in Q2 2021 versus $173 million in Q2 2020 and $662 million in Q1 2021.
Non-GAAP operating income in Q2 2021 is at $924 million versus $233 million in Q2 2020 and $762 million in Q1 2021.
Gross margin in Q2 2021 is up 48 percent, up 4 percentage points from Q2 2020 and two percentage points from Q1 2021.
Operations
AMD released new high-performance computing systems that utilize the AMD EPYC processors.

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