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


Featured Video
Jobs
MECHANICAL ENGINEER for Peter R. Thom and Associates at ORINDA, CA
Sr. Mechanical Engineer for Kateeva at Newark, CA
Mgr Mechanical Engineering 2 for Northrop Grumman at Melbourne, FL
Geospatial Analyst for Vencore at Suitland, MD
Geospatial Intelligence Analyst for Quick Services LLC at Fort Bragg, NC
Upcoming Events
Design & Manufacturing, Feb 7 - 9, 2017 Anaheim Convention Center, Anaheim, CA at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
ACE 2017 Nashville at Nashville TN - Mar 21 - 23, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017
Display Week 2017 at Los Angeles Convention Center 1201 S Figueroa St Los Angeles CA - May 21 - 26, 2017
SolidCAM: Patented Wizard to optimal feeds & speeds
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy Advertise