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

Friday July 22, 2016

AMD Reports 2016 Second Quarter Results

AMD today announced revenue for the second quarter of 2016 of $1,027 million, operating loss of $8 million, and net income of $69 million, or $0.08 per diluted share. Non-GAAP(1) operating income was $3 million and non-GAAP(1) net loss was $40 million, or $0.05 per share. "In the second quarter we accomplished a significant milestone as we returned to non-GAAP operating profitability based on solid execution and strong demand for our semi-custom and graphics products," said Lisa Su, AMD president and CEO. "Based on the strength of our semi-custom products and demand for our latest Radeon RX GPUs and 7th Generation A-Series APUs, we are well positioned to drive growth and market share gains in the second half of the year."

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