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
Aldec

Featured Video
Jobs
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
11th International Conference on Verification and Evaluation of Computer and Communication Systems at 1455 DeMaisonneuve W. EV05.139 Montreal Quebec Canada - Aug 24 - 25, 2017
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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