AMD Reports First Quarter 2017 Financial Results

SUNNYVALE, CA -- (Marketwired) -- May 01, 2017 -- AMD (NASDAQ: AMD) today announced revenue for the first quarter of 2017 of $984 million, operating loss of $29 million, and net loss of $73 million, or $0.08 per share. On a non-GAAP(1) basis, operating loss was $6 million, net loss was $38 million, and loss per share was $0.04.

                                                                            
                           GAAP Financial Results                           
                                                                            
                                                    Q1-17    Q4-16    Q1-16 
                                                  -------- -------- --------
Revenue                                             $984M   $1.11B    $832M 
Operating loss                                     $(29)M    $(3)M   $(68)M 
Net loss                                           $(73)M   $(51)M   $(109)M
Loss per share                                     $(0.08)  $(0.06)  $(0.14)

                                                                            
                                                                            
                        Non-GAAP Financial Results(1)                       
                                                                            
                                                    Q1-17    Q4-16    Q1-16 
                                                  -------- -------- --------
Revenue                                             $984M   $1.11B    $832M 
Operating income (loss)                             $(6)M    $26M    $(55)M 
Net loss                                           $(38)M    $(8)M   $(96)M 
Loss per share                                     $(0.04)  $(0.01)  $(0.12)
                                                                            

"We achieved 18 percent year-over-year revenue growth driven by strong demand for our high performance Ryzen CPUs as well as graphics processors," said Dr. Lisa Su, AMD president and CEO. "We are positioned for solid revenue growth and margin expansion opportunities across the business in the year ahead as we bring innovation, performance, and choice to an expanding set of markets."

Q1 2017 Results

  • Revenue of $984 million was up 18 percent year-over-year, driven by higher revenue in both the Computing and Graphics and Enterprise, Embedded, and Semi-Custom business segments. Revenue was down 11 percent sequentially, due primarily to seasonality in both segments. However, Computing and Graphics segment revenue decline was better than seasonal due to the initial sales from high performance Ryzen™ desktop processors.
  • On a GAAP basis, gross margin was 34 percent, up 2 percentage points year-over-year and sequentially due to a higher percentage of revenue from the Computing and Graphics segment, as well as a richer product mix within that segment. Operating loss of $29 million compared to operating losses of $68 million a year ago and $3 million in the prior quarter. Net loss of $73 million compared to net losses of $109 million a year ago and $51 million in the prior quarter. Loss per share of $0.08 compared to a loss per share of $0.14 a year ago and a loss per share of $0.06 in the prior quarter.
  • On a non-GAAP(1) basis, gross margin was 34 percent, up 2 percentage points year-over-year and sequentially. Operating loss of $6 million compared to an operating loss of $55 million a year ago and operating income of $26 million in the prior quarter. Net loss of $38 million compared to net losses of $96 million a year ago and $8 million in the prior quarter. Loss per share of $0.04 compared to a loss per share of $0.12 a year ago and a loss per share of $0.01 in the prior quarter.
  • Cash, cash equivalents, and marketable securities were $943 million at the end of the quarter, down $321 million from the end of the prior quarter primarily due to the timing of sales and cash collections, debt interest payments, and increased inventory.


1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article
Featured Video
Jobs
Assistant Professor in Applied GIS for University of San Diego at San Diego, California
GIS Specialist for Schneider Geospatial at Indianapolis, Indiana
BIM/VDC Coordinator for MBH Architects at Alameda, California
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Senior Highway Engineer for RS&H at Jacksonville, Florida
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Upcoming Events
HxGN LIVE GeoSummit 2021 at Virtual Event - Sep 21 - 23, 2021
INTERGEO 2021 at Hannover Germany - Sep 21 - 23, 2021
Automotive LIDAR 2021 at Online Only - Sep 21 - 23, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise