GAAP Financials | Q2 2016 | Q1 2016 | Q4 2015 | Q2 2015 | Q1 2015 |
Revenue | $1.027B | $823M | $958M | $942M | $1.03B |
Operating (Loss) | $(8)M | $(68)M | $(49)M | $(137)M | $(137)M |
Net (Loss)/(Loss) per share | $(40)M / $(0.05) |
$(109)M / $(0.14) | $(102)M / $(0.13) | $(181)M / $(0.23) |
$(180)M / $(0.23) |
AMD’s first quarter posted a revenue fall of 19% year over year, which AMD attributed to lower sales of semi-custom SoCs and notebook processors. The company’s position has improved with 2Q16, recovering revenue YOY from $942M in 2Q15 to $1027M in 2Q16.
AMD’s joint venture for “Assembly, Test, Mark, and Pack” (ATMP) was previously approved by Nantong Fujitsu Microelectronics Co.’s shareholders and closed in 2016, providing the company an additional $150M.
AMD’s stock rose from $5.22 to $5.80 shortly after its earnings report was released and is still around $5.80 at the time of writing.
- Michael “The Bear” Kerns.