AMD Reports 2016 Second Quarter Results

Current Outlook
AMD's outlook statements are based on current expectations. The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under "Cautionary Statement" below.

For Q3 2016, AMD expects revenue to increase 18 percent sequentially, plus or minus 3 percent.

For additional details regarding AMD's results and outlook please see the CFO commentary posted at quarterlyearnings.amd.com.

AMD Teleconference
AMD will hold a conference call for the financial community at 2:00 p.m. PDT (5:00 p.m. EDT) today to discuss its second quarter financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. The webcast will be available for 12 months after the conference call.

Reconciliation of GAAP to Non-GAAP Gross Margin

                                     ---------------------------------------
(Millions except percentages)             Q2-16        Q1-16        Q2-15   
----------------------------------------------------------------------------
GAAP Gross Margin                     $        319 $        269 $        232
----------------------------------------------------------------------------
GAAP Gross Margin %                            31%          32%          25%
----------------------------------------------------------------------------
  Technology node transition charge              -            -           33
----------------------------------------------------------------------------
  Stock-based compensation                       -            1            1
----------------------------------------------------------------------------
Non-GAAP Gross Margin                 $        319 $        270 $        266
----------------------------------------------------------------------------
Non-GAAP Gross Margin %                        31%          32%          28%
----------------------------------------------------------------------------
                                                                            

Reconciliation of GAAP to Non-GAAP Operating Expenses

                                     ---------------------------------------
(Millions)                                Q2-16        Q1-16        Q2-15   
----------------------------------------------------------------------------
GAAP operating expenses               $        353 $        344 $        369
----------------------------------------------------------------------------
  Restructuring and other special                                           
   charges, net                                (7)          (3)            -
----------------------------------------------------------------------------
  Stock-based compensation                      18           15           16
----------------------------------------------------------------------------
Non-GAAP operating expenses           $        342 $        332 $        353
----------------------------------------------------------------------------
                                                                            

Reconciliation of GAAP Operating Loss to Non-GAAP Operating Income (loss)

                                     ---------------------------------------
(Millions)                                Q2-16        Q1-16        Q2-15   
----------------------------------------------------------------------------
GAAP operating loss                   $        (8) $       (68) $      (137)
----------------------------------------------------------------------------
  Technology node transition charge              -            -           33
----------------------------------------------------------------------------
  Restructuring and other special                                           
   charges, net                                (7)          (3)            -
----------------------------------------------------------------------------
  Stock-based compensation                      18           16           17
----------------------------------------------------------------------------
Non-GAAP operating income (loss)      $          3 $       (55) $       (87)
----------------------------------------------------------------------------
                                                                            

Reconciliation of GAAP Net Income (Loss)/Income (Loss) per Share to Non-GAAP Net Loss/Loss per Share

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Diversity: Really, who cares
More Editorial  
Jobs
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, 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
TrueCircuits: UltraPLL



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