AMD Reports Annual Results – Revenue Down 17 Percent Year-Over-Year

AMD today announced revenue for the fourth quarter of 2012 of $1.16 billion, an operating loss of $422 million, and a net loss of $473 million, or $0.63 per share. The company reported a non-GAAP operating loss of $55 million and a non-GAAP net loss of $102 million, or $0.14 per share. For the year ended December 29, 2012, AMD reported revenue of $5.42 billion, an operating loss of $1.06 billion and a net loss of $1.18 billion, or $1.60 per share. The full year non-GAAP operating income was $45 million and non-GAAP net loss was $114 million, or $0.16 per share. AMD expects revenue to decrease 9 percent, plus or minus three percent, sequentially for the first quarter of 2013.

Q4 2012 Results

• AMD revenue $1.16 billion, decreased 9 percent sequentially and 32 percent year-over-year
• Gross margin 15 percent, non-GAAP gross margin 39 percent
• Operating loss of $422 million, net loss of $473 million, loss per share of $0.63
• Non-GAAP operating loss of $55 million, net loss of $102 million, loss per share of $0.14

2012 Annual Results

• AMD revenue $5.42 billion, down 17 percent year-over-year
• Gross margin 23 percent, non-GAAP gross margin 41 percent
• Operating loss of $1.06 billion, net loss of $1.18 billion, loss per share $1.60
• Non-GAAP operating income of $45 million, net loss of $114 million, loss per share $0.16