AMD posts 32% decrease in Q4 2012 revenue at $1.16 billion

Infotech Lead America: AMD has posted 32 percent decrease in Q4 2012 revenue at $1.16 billion.

Net loss of AMD during the fourth quarter was $473 million.

For the full year of 2012, AMD revenue decreased 17 percent year-over-year at $5.42 billion.

Net loss in 2012 was $1.18 billion.

Rory Read, AMD president and CEO

“Innovation is the core of our long-term growth. The investments we are making in technology today are focused on leveraging our distinctive IP to drive growth in ultra low power client devices, semi-custom SoCs and dense servers. We expect to deliver differentiated and groundbreaking APUs to our customers in 2013 and remain focused on transforming our operating model to the business realities of today,” said Rory Read, AMD president and CEO.

AMD Financial Results
    Q4-12   Q3-12   Q4-11   2012   2011
Revenue   $1.16B   $1.27B   $1.69B   $5.42B   $6.57B
Operating income (loss)   $(422)M   $(131)M   $71M   $(1.06)B   $368M
Net income (loss) / Earnings (loss) per share   $(473)M/$(0.63)   $(157)M/$(0.21)   $(177)M/$(0.24)   $(1.18)B/$(1.60)   $491M/$0.66



AMD’s main business revenues:

Computing Solutions segment revenue decreased 37 percent year-over-year. The sequential and year-over-year decreases were primarily driven by lower microprocessor unit volume shipments.

Operating loss was $323 million, compared with an operating loss of $114 million in Q3 2012 and operating income of $165 million in Q4 2011. Q4 2012 operating loss increased $209 million sequentially primarily due to the impact of a Lower of Cost or Market (LCM) charge related to the GLOBLFOUNDRIES Inc. (GF) take-or-pay obligation of $273 million.

Microprocessor ASP decreased year-over-year.

Graphics segment revenue decreased 15 percent year-over-year. Graphics processor unit (GPU) revenue decreased due to lower unit volume shipments.

Operating income was $22 million, compared with $18 million in Q3 2012 and $27 million in Q4 2011.

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