AMD (NASDAQ: AMD) today announced revenue for the fourth quarter of 2016 of $1.11 billion, operating loss of $3 million and net loss of $51 million, or $0.06 per share. Non-GAAP(1) operating income wa... AMD Fourth Quarter and Annual 2016 Financial Results
11% lower guidance over traditionally already slow quarter .. so when they are going to start shipping new stuff in meaningful volume. not in next 3 months, hopefully should I say
I'm no financial expert but seems a lot of use of the word LOSS there. Maybe lucky for me I went and bought a GTX 1070 this time (and one of their Shield TVs yesterday too).
"On a non-GAAP(1) basis, gross margin was 31 percent, up 3 percentage points year-over-year primarily due to improved product mix and an inventory write-down recorded in Q3 2015. Operating income was $44 million compared to an operating loss of $253 million in the prior year. Operating income improvement was primarily related to higher revenue and the IP monetization licensing gain. Net loss was $117 million compared to a net loss of $419 million in the prior year. Loss per share was $0.14 compared to a loss per share of $0.54 in 2015. Cash and cash equivalents were $1.26 billion at the end of the year, up from $785 million at the end of the prior year."
Well atleast it is steps in the right direction for amd. Now with zen/vega hopefully they will come closer to breaking even this year.
