AMD ends 2012 with net loss of $1.18 billion

AMD announced its fourth quarter earnings, the company pulled in a revenue of $1.16 billion and suffered a net loss of $473 million, versus revenue of $1.69 billion and net income of $177 million in Q4 2011. For the whole of 2012, AMD's revenue totaled only $5.42 billion, while losses amounted to $1.18 billion. The full financial details can be found in AMD's earnings statement.

The chip designer's Computing Solutions segment revenue plunged 11 percent quarter-over-quarter and 37 percent year-over-year, while graphics segment revenue decreased 5 percent sequentially and 15 percent year-over-year. The statement also mentions that GPU revenue decreased sequentially and year-over-year due to lower unit volume shipments.

Q4 2012 Results

AMD revenue $1.16 billion, decreased 9 percent sequentially and 32 percent year-over-year

Gross margin 15 percent, non-GAAP1 gross margin 39 percent

Operating loss of $422 million, net loss of $473 million, loss per share of $0.63

Non-GAAP operating loss of $55 million, net loss of $102 million, loss per share of $0.14

2012 Annual Results

AMD revenue $5.42 billion, down 17 percent year-over-year

Gross margin 23 percent, non-GAAP1 gross margin 41 percent

Operating loss of $1.06 billion, net loss of $1.18 billion, loss per share $1.60

Non-GAAP operating income of $45 million, net loss of $114 million, loss per share $0.16
AMD (NYSE:AMD) today announced revenue for the fourth quarter of 2012 of $1.16 billion, an operating loss of $422 million, and a net loss of $473 million, or $0.63 per share. The company reported a non-GAAP operating loss of $55 million and a non-GAAP net loss of $102 million, or $0.14 per share.

For the year ended December 29, 2012, AMD reported revenue of $5.42 billion, an operating loss of $1.06 billion and a net loss of $1.18 billion, or $1.60 per share. The full year non-GAAP operating income was $45 million and non-GAAP net loss was $114 million, or $0.16 per share.

“AMD continues to evolve our operating model and diversify our product portfolio with the changing PC environment,” said 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.”