AMD (AMD) Q3 'Solid' - Jefferies

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AMD Reports 2016 Third Quarter Results

October 20, 2016 4:15 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 10/20/16 -- AMD (NASDAQ: AMD) today announced revenue for the third quarter of 2016 of $1,307 million, operating loss of $293 million, and net loss of $406 million, or $0.50 per share. Non-GAAP(1) operating income was $70 million and non-GAAP(1) net income was $27 million, or $0.03 per share.

GAAP Financial Results ---------------------------------------------------------------------------- Q3-16 Q2-16 Q3-15 ---------------------------------------------------------------------------- Revenue $1,307M $1,027M $1,061M ---------------------------------------------------------------------------- Operating loss $(293)M $(8)M $(158)M ---------------------------------------------------------------------------- Net income (loss) / earnings (loss) per share $(406)M/$(0.50) $69M/$0.08 $(197)M/$(0.25) ---------------------------------------------------------------------------- Non-GAAP Financial Results(1) ---------------------------------------------------------------------------- Q3-16 Q2-16 Q3-15 ---------------------------------------------------------------------------- Revenue... More