Advanced Micro Devices Inc (AMD) released its first quarter results on Thursday, April 29, 2021. The company reported net earnings of $0.45 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 240 percent compared to the same period a year ago.
Advanced Micro Devices, Inc. was founded in 1969 and is headquartered in Santa Clara, California. Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom.
Advanced Micro Devices' revenue increased 58 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 48.82% for the first quarter compared to the same period in the previous year, and operating margins increased to 19.1% over the same period. Net earnings for past trailing twelve months were $2883.0 million, up 492% from the prior year.
Moving on to the balance sheet, Advanced Micro Devices’ cash levels jumped 32% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 13.63% this past year. The current ratio for Advanced Micro Devices now stands at 2.51. The company increased shares outstanding by 3.5%.
Shares of AMD are currently trading around $83.91. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 35.68 and price to book ratio of 15.95.