Today's Hard|Forum Post
Today's Hard|Forum Post

Friday April 22, 2016

AMD Reports 2016 First Quarter Results

AMD announced its first quarter results from fiscal year 2016. Although revenue was down 19% compared to last year, there were a few bright spots like gross margins are up and operating losses are down.

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AMD today announced revenue for the first quarter of 2016 of $832 million, operating loss of $68 million, and net loss of $109 million, or $0.14 per share. Non-GAAP(1) operating loss was $55 million and non-GAAP(1) net loss was $96 million, or $0.12 per share. "Our strategy to build a strong business foundation and improve financial performance through delivering great products is beginning to show benefits," said Lisa Su, AMD president and CEO. "We continued to strengthen the performance of our Computing and Graphics business as our customers and partners show a growing preference for AMD. We are optimistic about our growth prospects in the second half of the year across our businesses based on new product introductions and design wins."