AMD Reports Third Quarter Results (Revenue up 14%)

SUNNYVALE, Calif.—(BUSINESS WIRE)—October 16, 2008— AMD (NYSE:AMD) today reported third quarter 2008 revenue from continuing operations of $1.776 billion, including process technology license revenue of $191 million. Third quarter 2008 revenue increased 32 percent compared to the second quarter of 2008 and 14 percent compared to the third quarter of 2007.

 

In the third quarter of 2008, AMD reported a net loss of $67 million, or $0.11 per share. For continuing operations, third quarter 2008 income was $41 million, or $0.07 per share, including the process technology license revenue of $191 million, or $0.31 a share. Third quarter 2008 operating income was $131 million. Loss from discontinued operations was $108 million, or $0.18 a share.

Reconciliation of GAAP to Non-GAAP Net Income (Loss)1

(Millions except per share amounts) Q3-08 Q2-08 Q3-07
GAAP net loss / EPS $ (67 ) $ (0.11 ) $ (1,189 ) $ (1.96 ) $ (396 ) $ (0.71 )
Loss from discontinued operations (108 ) (0.18 ) (920 ) (1.52 ) (52 ) (0.09 )
Income (loss) from continuing operations 41 0.07 (269 ) (0.44 ) (344 ) (0.62 )
Gain on sale of 200mm equipment - - 193 0.32 - -
Marketable securities impairment charges - - (36 ) (0.06 ) (42 ) (0.08 )
Amortization of acquired intangibles, integration and other charges (30 ) (0.05 ) (30 ) (0.05 ) (41 ) (0.07 )
Restructuring charges (9 ) (0.01 ) (30 ) (0.05 ) - -
Non-GAAP net income (loss) $ 80 $ (366 ) $ (261 )

Reconciliation of GAAP to Non-GAAP Operating Income (Loss) 1

(Millions) Q3-08 Q2-08 Q3-07
GAAP operating income (loss) $ 131 $ (143 ) $ (181 )
Gain on sale of 200mm equipment - 193 -
Amortization of acquired intangibles, integration and other charges (30 ) (30 ) (41 )
Restructuring charges (9 ) (30 ) -
Non-GAAP operating income (loss) $ 170 $ (276 ) $ (140 )

1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
Rand3D

Featured Video
Jobs
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
System Designer/Engineer for Bluewater at Southfield, Michigan
Geospatial Analyst/Programmer for LANDIQ at Sacramento, California
Software Developer for CHA Consulting, Inc. at Norwell, Massachusetts
GIS Data Analyst for CostQuest Associates, Inc. at Cincinnati, Ohio
Upcoming Events
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
4th International Conference on Sensors and Electronic Instrumentation Advances (SEIA' 2018) at Movenpick Hotel Amsterdam City Centre Amsterdam Netherlands - Sep 19 - 21, 2018
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise