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

SolidCAM - See For Yourself

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
Product Design Engineer - Testing Methods for Apple Inc at Cupertino, California
GIS Analyst for City of Shreveport at Shreveport, Louisiana
BIM Designer – Revit for Schneider Electric at Smyrna, Tennessee
BIM Modeler for Woolpert at Oakbrook Terrace, Illinois
GIS Analyst for Iberdrola at Augusta, Maine
Upcoming Events
3D Collaboration & Interoperability Congress at Golden CO - Feb 20 - 24, 2021
RAPID + TCT 2020 Postponed to 2021 at Anaheim Convention Center Anaheim CA - Apr 2, 2021
WESTEC at Long Beach Convention Center CA - Sep 21 - 23, 2021
Kenesto: 30 day trial
MasterCAM



© 2020 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