Advanced Micro Devices Inc (AMD) released its second quarter results on Wednesday, July 28, 2021. The company reported net earnings of $0.58 per share for the second quarter ending June 30, 2021. Earnings for this past quarter were up 353 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 74 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 50.05% for the second quarter compared to the same period in the previous year, and operating margins increased to 21.56% over the same period. Net earnings for past trailing twelve months were $3436.0 million, up 464% from the prior year.
Moving on to the balance sheet, Advanced Micro Devices' cash levels jumped 47% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 28.79% this past year. The current ratio for Advanced Micro Devices now stands at 2.7. The company increased shares outstanding by 3.76%.
Shares of AMD are currently trading around $97.93. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 34.92 and price to book ratio of 17.08.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Thursday, July 29, 2021.