AMD Reports 2013 Fourth Quarter and Annual Results

SUNNYVALE, CA -- (Marketwired) -- Jan 21, 2014 -- AMD (NYSE: AMD)

Q4 2013 Results

  • AMD revenue of $1.59 billion, increased 9 percent sequentially and 38 percent year-over-year
  • Gross margin of 35 percent
  • Operating income of $135 million and non-GAAP(1) operating income of $91 million
  • Net income of $89 million, earnings per share of $0.12 and non-GAAP(1) net income of $45 million, earnings per share of $0.06

2013 Annual Results

  • AMD revenue of $5.3 billion, down 2 percent year-over-year
  • Gross margin of 37 percent
  • Operating income of $103 million
  • Net loss of $83 million and loss per share of $0.11

AMD (NYSE: AMD) today announced revenue for the fourth quarter of 2013 of $1.59 billion, operating income of $135 million and net income of $89 million, or $0.12 per share. The company reported non-GAAP operating income of $91 million and non-GAAP net income of $45 million, or $0.06 per share.

For the year ended December 28, 2013, AMD reported revenue of $5.3 billion, operating income of $103 million and a net loss of $83 million, or $0.11 per share.

"Strong execution of our strategic transformation plan drove significant revenue growth and improved profitability in the fourth quarter," said Rory Read, AMD president and CEO. "The continued ramp of our semi-custom SoCs and leadership graphics products resulted in a 38 percent revenue increase from the year ago quarter. Our focus in 2014 is to deliver revenue growth and profitability for the full year by leveraging our differentiated IP to drive success in our targeted new markets and core businesses."

                                                                            
                           GAAP Financial Results                           
                                                                            
----------------------------------------------------------------------------
                         Q4-13      Q3-13      Q4-12      2013       2012   
----------------------------------------------------------------------------
Revenue                 $1.59B     $1.46B     $1.16B     $5.30B     $5.42B  
----------------------------------------------------------------------------
Operating income         $135M      $95M      $(422)M     $103M    $(1.06)B 
 (loss)                                                                     
----------------------------------------------------------------------------
Net income (loss) /   $89M/$0.12 $48M/$0.06 $(473)M/   $(83)M/     $(1.18)B/
 Earnings (loss) per                         $(0.63)    $(0.11)     $(1.60)  
 share                                                                      
----------------------------------------------------------------------------
                                                                            
                                                                            
                                                                            
                        Non-GAAP(1) Financial Results                       
                                                                            
----------------------------------------------------------------------------
                         Q4-13      Q3-13      Q4-12      2013       2012   
----------------------------------------------------------------------------
Revenue                 $1.59B     $1.46B     $1.16B     $5.30B     $5.42B  
----------------------------------------------------------------------------
Operating income         $91M       $78M      $(55)M      $103M      $45M   
 (loss)                                                                     
----------------------------------------------------------------------------
Net income (loss) /   $45M/$0.06 $31M/$0.04 $(102)M/   $(83)M/     $(114)M/
 Earnings (loss) per                         $(0.14)    $(0.11)     $(0.16)  
 share                                                                                                                              
----------------------------------------------------------------------------
                                                                                                                                                        
                                                                                                                                                        
 

1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Qualcomm’s Lu Dai: Energetic leadership for Accellera
More Editorial  
Jobs
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Upcoming Events
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy