Friday October 21, 2016

AMD Reports 2016 Third Quarter Results

AMD today announced revenue for the third quarter of 2016 of $1,307 million, operating loss of $293 million, and net loss of $406 million, or $0.50 per share. Non-GAAP1 operating income was $70 million and non-GAAP1 net income was $27 million, or $0.03 per share. "Our third quarter financial results highlight the progress we are making across our business," said Lisa Su, AMD president and CEO.آ  "We now expect to deliver higher 2016 annual revenue based on stronger demand for AMD semi-custom solutions and Polaris GPUs. This positions us well to accelerate our growth in 2017 as we introduce new high-performance computing and graphics products."

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