AMD Announces Q3 2012 Results: Revenues Were $1.27 Billion, Loss Was $157 Million, Loss Per Share $0.21

Posted on Oct 18 2012 - 8:20pm by Editorial Staff

AMD today announced its third quarter 2012 results with revenues were $1.27 billion, 10 percent sequential decrease and a 25 percent decrease year-over-year. The net loss was $157 million, loss per share $0.21, operating loss $131 million. The non-GAAP net loss was $150 million, loss per share $0.20, operating loss $124 million and gross margin 31 percent.

“The PC industry is going through a period of very significant change that is impacting both the ecosystem and AMD,” said Rory Read, AMD president and CEO. “It is clear that the trends we knew would re-shape the industry are happening at a much faster pace than we anticipated. As a result, we must accelerate our strategic initiatives to position AMD to take advantage of these shifts and put in place a lower cost business model.”

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