24 Jan 2013

AMD Reports 2012 Fourth Quarter and Annual Results

Q4 2012 Results

AMD revenue $1.16 billion, decreased 9 percent sequentially and 32 percent year-over-year
Gross margin 15 percent, non-GAAP1 gross margin 39 percent
Operating loss of $422 million, net loss of $473 million, loss per share of $0.63
Non-GAAP1 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-GAAP1 gross margin 41 percent
Operating loss of $1.06 billion, net loss of $1.18 billion, loss per share $1.60
Non-GAAP1 operating income of $45 million, net loss of $114 million, loss per share $0.16
AMD (NYSE: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 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.”

http://www.amd.com/us/press-releases/Pages/press-release-2013jan22.aspx?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+amdpressreleases+(Press+Releases)

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