AMD has announced revenue for the first quarter of 2012 of $1.59 billion, net loss of $590 million, or $0.80 per share, and operating loss of $580 million. The company reported non-GAAP net income of $92 million, or $0.12 per share, and non-GAAP operating income of $138 million. Last quarter, the company reported $1.69 billion in revenue, and it had $1.61 billion in revenue this time last year.
“AMD delivered solid results in the first quarter as we remain focused on improving our execution, delivering innovative products, and building a company around a strategy to deliver strong cash flow and earnings growth,” said Rory Read, AMD president and CEO. “A complete top-to-bottom introduction of new APU offerings, combined with ample product supply resulting from continued progress with our manufacturing partners, positions us to win and grow.”
Q1 2012 Results:
- AMD revenue $1.59 billion, 6 percent sequential decrease and a 2 percent decrease year-over-year
- Net loss $590 million, loss per share $0.80, operating loss $580 million
- Non-GAAP net income $92 million, earnings per share $0.12, operating income $138 million
- Gross margin 2 percent, non-GAAP gross margin 46 percent
