AMD Reports Record First Quarter Revenue

  • AMD1,2 revenue $1.57 billion
  • Net income $257 million, EPS $0.35, operating income $182 million
  • Non-GAAP net income $63 million, EPS $0.09, operating income $130 million
  • Gross margin 47% and non-GAAP gross margin 43%
  • First quarter 2010 results reflect the deconsolidation of GLOBALFOUNDRIES

SUNNYVALE, Calif. — (BUSINESS WIRE) — April 15, 2010AMD (NYSE: AMD) today announced revenue for the first quarter of 2010 of $1.57 billion, net income of $257 million, or $0.35 per share, and operating income of $182 million. The company reported non-GAAP net income of $63 million, or $0.09 per share, and non-GAAP operating income of $130 million.

“Strong product offerings and solid operating performance resulted in record first quarter revenue,” said Dirk Meyer, AMD President and CEO. “We continue to strengthen our product offerings. We launched our latest generation of server platforms, expanded our family of DirectX 11-compatible graphics offerings, and commenced shipments of our next-generation notebook platforms to customers.”

GAAP Financial Results

        Q1-10       Q4-09       Q1-09
Revenue       $1.57B       $1.65B       $1.18B
Net income (loss) attributable to AMD common stockholders/EPS       $257M/$0.35       $1.18B/$1.52       $(416)M/$(0.66)
Operating income (loss)       $182M       $1.29B       $(298)M

Non-GAAP Financial Results 1

          Q1-10         Q4-09         Q1-09
Revenue         $1.57B         $1.65B         $1.18B
Net income(loss)/EPS         $63M/$0.09         $80M/$0.11         $(189)M/$(0.30)
Operating income (loss)         $130M         $169M         $(123)M

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