AMD Fourth Quarter and Annual 2016 Financial Results

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Feb 1, 2017.

  1. Hilbert Hagedoorn

    Hilbert Hagedoorn Don Vito Corleone Staff Member

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    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
     
  2. Noisiv

    Noisiv Ancient Guru

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    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
     
  3. AlmondMan

    AlmondMan Master Guru

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    Impressive results. Hopefully the new products should see them go out of the red again.
     
  4. geogan

    geogan Master Guru

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    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).
     

  5. PrMinisterGR

    PrMinisterGR Ancient Guru

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    "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."
     
  6. dudecat64

    dudecat64 Ancient Guru

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    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.
     

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