AMD Reports Second Quarter Results

SUNNYVALE, Calif.—(BUSINESS WIRE)—July 17, 2008— AMD (NYSE:AMD) today reported second quarter 2008 revenue from continuing operations of $1.349 billion, a seven percent decrease compared to the first quarter of 2008 and a three percent increase compared to the second quarter of 2007. As part of its previously communicated review of its non-core businesses, AMD decided to divest its Handheld and DTV product businesses, and therefore is classifying them as discontinued operations1 for financial reporting.

In the second quarter of 2008, AMD reported a net loss of $1.189 billion, or $1.96 per share. For continuing operations, the second quarter loss was $269 million, or $0.44 per share, and the operating loss was $143 million. The results for continuing operations include a net favorable impact of $97 million, or $0.16 per share as described in the table below. Loss from discontinued operations was $920 million, or $1.52 a share, including asset impairment charges of $876 million, or $1.44 a share.

Reconciliation of GAAP to Non-GAAP Net Loss 2

 
(Millions except per share amounts)   Q2-08   Q1-08   Q2-07
GAAP net loss /EPS $ (1,189 )   $ (1.96 ) $ (358 )   $ (0.59 ) $ (600 )   $ (1.09 )
Loss from discontinued operations   (920 )   (1.52 )   (50 )   (0.08 )   (69 )   (0.13 )
Loss from continuing operations   (269 )   (0.44 )   (308 )   (0.51 )   (531 )   (0.96 )
Gain on sale of 200mm equipment   193     0.32          
Marketable securities impairment charges   (36 )   (0.06 )        
Amortization of acquired intangibles, integration and other charges   (30 )   (0.05 )   (29 )   (0.05 )   (57 )   (0.10 )
Restructuring charges   (30 )   (0.05 )        
Debt issuance charges           (5 )   (0.01 )
Non-GAAP net loss $ (366 )   $ (279 )   $ (469 )  
Reconciliation of GAAP to Non-GAAP Operating Loss 2
 
(Millions)   Q2-08   Q1-08   Q2-07
GAAP operating loss $ (143 ) $ (214 ) $ (396 )
Gain on sale of 200mm equipment   193      
Amortization of acquired intangibles, integration and other charges   (30 )   (29 )   (57 )
Restructuring charges   (30 )    
Non-GAAP operating loss $ (276 ) $ (185 ) $ (339 )

1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
Rand3D

SolidCAM: Cutting Webinar

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



Internet Business Systems © 2017 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 Policy Advertise