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

SolidCAM - Speed up your complex CNCs

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
Industrial Engineer for Yanfeng Automotive Interiors -YFAI at Louisville-Jefferson, Kentucky
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Architectural Project Designer for SERA Architects, Inc at Oakland, California
Full Stack ArcGIS Software Developer for Patrick Engineering at Remote - preference for individual residing in Southeastern US (per below), Any State in the USA
Upcoming Events
PLM Road Map & PDT Spring 2021 at 3909 Research Park Drive Ann Arbor MI - May 19 - 20, 2021
RAPID + TCT at McCormick Place Chicago IL - Sep 13 - 15, 2021
WESTEC Online at Online CA - Sep 21 - 23, 2021
3D Collaboration & Interoperability Congress at Golden CO - Feb 21 - 24, 2022
Kenesto: 30 day trial



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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