Oppenheimer Remains Bearish on Advanced Micro Devices (AMD) Following 2Q Results and Guidance

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Go back to Oppenheimer Remains Bearish on Advanced Micro Devices (AMD) Following 2Q Results and Guidance

AMD Reports 2015 Second Quarter Results

July 16, 2015 4:15 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 07/16/15 -- AMD (NASDAQ: AMD) today announced revenue for the second quarter of 2015 of $942 million, operating loss of $137 million, and net loss of $181 million, or $0.23 per share. Non-GAAP(1) operating loss was $87 million and non-GAAP(1) net loss was $131 million, or $0.17 per share.

GAAP Financial Results ---------------------------------------------------------------------------- Q2-15 Q1-15 Q2-14 ---------------------------------------------------------------------------- Revenue $942M $1.03B $1.44B ---------------------------------------------------------------------------- Operating income (loss) $(137)M $(137)M $63M ---------------------------------------------------------------------------- Net (loss) / (Loss) per share $(181)M/$(0.23) $(180)M/$(0.23) $(36)M/$(0.05) ---------------------------------------------------------------------------- Non-GAAP Financial Results(1) ---------------------------------------------------------------------------- Q2-15 Q1-15 Q2-14 ---------------------------------------------------------------------------- Revenue $942M... More