MKM Partners Remains Bullish on Advanced Micro Devices (AMD) Following Strong 2Q
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AMD Reports 2016 Second Quarter Results
July 21, 2016 4:16 PM EDTSUNNYVALE, CA -- (Marketwired) -- 07/21/16 -- AMD (NASDAQ: AMD) today announced revenue for the second quarter of 2016 of $1,027 million, operating loss of $8 million, and net income of $69 million, or $0.08 per diluted share. Non-GAAP (1) operating income was $3 million and non-GAAP (1) net loss was $40 million, or $0.05 per share.
GAAP Financial Results
---------------------------------------------------------------------------- Q2-16 Q1-16 Q2-15 ---------------------------------------------------------------------------- Revenue $1,027M $832M $942M ---------------------------------------------------------------------------- Operating loss $(8)M $(68)M $(137)M ---------------------------------------------------------------------------- Net income (loss) / earnings (loss) per share $69M/$0.08 $(109)M/$(0.14) $(181)M/$(0.23) ----------------------------------------------------------------------------
Non-GAAP Financial Results(1)
---------------------------------------------------------------------------- Q2-16 Q1-16... More
