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.

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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

“AMD continues to evolve our operating model and diversify our product portfolio with the changing PC environment,” said Rory Read, AMD president and CEO. “Innovation is the core of our long-term growth. The investments we are making in technology today are focused on leveraging our distinctive IP to drive growth in ultra low power client devices, semi-custom SoCs and dense servers. We expect to deliver differentiated and groundbreaking APUs to our customers in 2013 and remain focused on transforming our operating model to the business realities of today.”

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