GOOD NEWS FOR AMD?

[marldorthegreat]

AMD have reported there Q3 results. revenue is back above a billion . 

"AMD delivered double-digit percentage sequential revenue growth in both of our segments in the third quarter," said Dr. Lisa Su, AMD president and CEO. "We continue to take targeted actions to improve long-term financial performance, build great products and simplify our business model. The formation of a joint venture of our back-end manufacturing assets is a significant step towards achieving these goals and strengthening our balance sheet."

This is a good thing for amd. Alothough they are still losing 87 million, it is improving. 
 
http://www.marketwatch.com/story/amd-reports-2015-third-quarter-results-2015-10-15
 
"13% growth in revenuse this quarter" Could be bcause of 300 series/ fjiji
 

• Revenue of $1.06 billion, up 13 percent sequentially and down 26 percent year-over-year. The sequential increase was due to solid seasonal semi-custom and strong desktop processor and GPU sales. The year-over-year decline was primarily due to decreased sales in the Computing and Graphics segment.
• Gross margin of 23 percent, down 2 percentage points sequentially, due to an inventory write-down of $65 million. Non-GAAP(1) gross margin, including the impact of the inventory write-down was 23 percent, down 5 percentage points sequentially. The inventory write-down was due to lower anticipated future demand for older-generation APUs. The gross margin impact of the inventory write-down was 6 percentage points.
• Operating loss of $158 million, compared to an operating loss of $137 million for the prior quarter. Non-GAAP(1) operating loss of $97 million, compared to non-GAAP(1) operating loss of $87 million in Q2 2015, primarily due to lower gross margin.
• Net loss of $197 million, loss per share of $0.25, and non-GAAP(1) net loss of $136 million, non-GAAP(1) loss per share of $0.17, compared to a net loss of $181 million, loss per share of $0.23 and non-GAAP(1) net loss of $131 million, non-GAAP(1) loss per share of $0.17 in Q2 2015. The impact of the inventory write-down to EPS was $0.08.
• Cash and cash equivalents were $755 million at the end of the quarter, down $74 million from the end of the prior quarter, due primarily to a $69 million debt interest payment.
• Total debt at the end of the quarter was $2.26 billion, flat from the prior quarter.

 

Financial Segment Summary

 

--  Computing and Graphics segment revenue increased 12 percent     sequentially and decreased 46 percent from Q3 2014. The sequential increase was primarily due to higher sales of desktop processors and GPUs and the annual decrease was driven primarily by lower client processor sales.

    --  Operating loss was $181 million, compared with an operating loss of $147 million in Q2 2015 and an operating loss of $17 million in Q3 2014. The sequential change was primarily driven by an inventory write-down of older-generation products partially offset by higher revenue. The year-over-year change was primarily driven by lower sales.

    --  Client processor average selling price (ASP) decreased sequentially and year-over-year primarily driven by lower notebook processor ASP.

    --  GPU ASP was flat sequentially and increased year-over-year. The year-over-year change was due to new GPU product offerings and improved AIB ASP.

--  Enterprise, Embedded and Semi-Custom segment revenue increased 13 percent sequentially, primarily driven by seasonally higher sales of our semi-custom SoCs. The year-over-year decrease of 2 percent was primarily driven by lower embedded product and server processor sales.

    --  Operating income was $84 million compared with $27 million in Q2 2015 and $108 million in Q3 2014. The sequential increase was primarily due to the absence of the $33 million charge associated with a technology node transition in Q2 2015 and higher sales. The year-over-year decrease was primarily driven by a portion of the Q3 2015 inventory write-down and product mix.

--  All Other category operating loss was $61 million compared with operating losses of $17 million in Q2 2015 and $28 million in Q3 2014. The sequential and year-over-year increases were due to restructuring charges recorded in Q3 2015.

Edited October 16, 2015 by marldorthegreat
Fixed for night theme users

[Dabombinable]

Let me know when they manage to break even after the years of BS CPU.

[marldorthegreat]

Let me know when they manage to break even after the years of BS CPU.

By the looks of things that could be soon

[don_svetlio]

Thankfully the ATI GPU division is paying off for them

[ICantThinkOfAnyGoodName]

Even if it improved, they are doomed if Zen is a failure.

[AresKrieger]

So I assume they're still not profiting but are increasing their overall money coming in thus not losing as much as before, well hopefully they'll continue to recover  money and make it back into the black as Intel needs a competitor in order to keep up it's improvement, so hopefully zen goes well, as competition is good for all consumers.

[marldorthegreat]

Even if it improved, they are doomed if Zen is a failure.

Yeah. But maybe the 400 series will save them. 

[Bloodyvalley]

I'm fucking waiting for them to release some good god damn GPUs

 

A member of my family owns 6000 shares of AMD

It did go up, but now it's just sad how long it's gone.

[Lauen]

I'm fucking waiting for them to release some good god damn GPUs

that will probably be next year. just sit down and wait. or go do stuff while waiting, that's probably a better idea. 

[bogus]

I'm fucking waiting for them to release some good god damn GPUs

 

A member of my family owns 6000 shares of AMD

It did go up, but now it's just sad how long it's gone.

Just out of curiosity, for you, what is a "good god damn GPU"?

[Sauron]

I wonder what exactly it is that they're selling in their cpu division - I thought FX marketshare was only dropping.

[BuckGup]

I bought stock in AMD on Howthestockmarketworks.com and everyone in class called me an idiot when I spent 10 grand on AMD and the next day it was worth 9 grand. But noo now it is worth 12 grand and I got first in the class. Who's laughing now!

[Daegun]

I'm fucking waiting for them to release some good god damn CPUs

 

A member of my family owns 6000 shares of AMD

It did go up, but now it's just sad how long it's gone.

FTFY

[ACatWithThumbs]

Yeah. But maybe the 400 series will save them. 

That will fully depend on how it compares to Pascal.

 

[VagabondWraith]

Somehow zMuel would've found a way to make this an obligatory "bad news for AMD " thread.

[bogus]

Somehow zMuel would've found a way to make this an obligatory "bad news for AMD " thread.

Oh the @zMeul tittle would be "Bad news for AMD: reports operating loss of 87million" with a "roflolol RIP AMD" at the end of the post.

[arnavvr]

Let me know when they manage to break even after the years of BS CPU.

 

I still believe that the 1100T is the best CPU they ever made.

[spartaman64]

I'm fucking waiting for them to release some good god damn GPUs

 

A member of my family owns 6000 shares of AMD

It did go up, but now it's just sad how long it's gone.

you mean cpus because amd gpus are pretty much beating nvidia gpus across the board except the fury x and the 980 ti

[QueenDemetria]

Just out of curiosity, for you, what is a "good god damn GPU"?

ONE BILLION TERREHFLOPPIES!

 

Somehow zMuel would've found a way to make this an obligatory "bad news for AMD " thread.

"More bad news for AMD, Lisa Su reports 87 million quarterly loss"

[ivan134]

That will fully depend on how it compares to Pascal.

 

Judging by the fact that they've had superior hardware since the dx10 days, I'm confident the trend will continue.

[zMeul]

...

you forget to add these:

• Revenue of $1.06 billion, up 13 percent sequentially and down 26 percent year-over-year. The sequential increase was due to solid seasonal semi-custom and strong desktop processor and GPU sales. The year-over-year decline was primarily due to decreased sales in the Computing and Graphics segment.
• Gross margin of 23 percent, down 2 percentage points sequentially, due to an inventory write-down of $65 million. Non-GAAP(1) gross margin, including the impact of the inventory write-down was 23 percent, down 5 percentage points sequentially. The inventory write-down was due to lower anticipated future demand for older-generation APUs. The gross margin impact of the inventory write-down was 6 percentage points.
• Operating loss of $158 million, compared to an operating loss of $137 million for the prior quarter. Non-GAAP(1) operating loss of $97 million, compared to non-GAAP(1) operating loss of $87 million in Q2 2015, primarily due to lower gross margin.
• Net loss of $197 million, loss per share of $0.25, and non-GAAP(1) net loss of $136 million, non-GAAP(1) loss per share of $0.17, compared to a net loss of $181 million, loss per share of $0.23 and non-GAAP(1) net loss of $131 million, non-GAAP(1) loss per share of $0.17 in Q2 2015. The impact of the inventory write-down to EPS was $0.08.
• Cash and cash equivalents were $755 million at the end of the quarter, down $74 million from the end of the prior quarter, due primarily to a $69 million debt interest payment.
• Total debt at the end of the quarter was $2.26 billion, flat from the prior quarter.

so, where's the good news? they managed to a better quarter by sacking people  <_<

and they still operate a bigger loss quarter to quarter

 

 

let's get deeper:

Financial Segment Summary

 

--  Computing and Graphics segment revenue increased 12 percent     sequentially and decreased 46 percent from Q3 2014. The sequential increase was primarily due to higher sales of desktop processors and GPUs and the annual decrease was driven primarily by lower client processor sales.

    --  Operating loss was $181 million, compared with an operating loss of $147 million in Q2 2015 and an operating loss of $17 million in Q3 2014. The sequential change was primarily driven by an inventory write-down of older-generation products partially offset by higher revenue. The year-over-year change was primarily driven by lower sales.

    --  Client processor average selling price (ASP) decreased sequentially and year-over-year primarily driven by lower notebook processor ASP.

    --  GPU ASP was flat sequentially and increased year-over-year. The year-over-year change was due to new GPU product offerings and improved AIB ASP.

--  Enterprise, Embedded and Semi-Custom segment revenue increased 13 percent sequentially, primarily driven by seasonally higher sales of our semi-custom SoCs. The year-over-year decrease of 2 percent was primarily driven by lower embedded product and server processor sales.

    --  Operating income was $84 million compared with $27 million in Q2 2015 and $108 million in Q3 2014. The sequential increase was primarily due to the absence of the $33 million charge associated with a technology node transition in Q2 2015 and higher sales. The year-over-year decrease was primarily driven by a portion of the Q3 2015 inventory write-down and product mix.

--  All Other category operating loss was $61 million compared with operating losses of $17 million in Q2 2015 and $28 million in Q3 2014. The sequential and year-over-year increases were due to restructuring charges recorded in Q3 2015.

 

 

what will happen next quarter when they will operate a even bigger loss?! oh, I know .. they'll fire even more people  :lol:

[marldorthegreat]

you forget to add these:

so, where's the good news? they managed to a better quarter by sacking people  <_<

and they still operate a bigger loss quarter to quarter

Would that be a better option than going bankrupt and losing all of its staff. Atleast they get a payoff, and a support package. 

[ACatWithThumbs]

Judging by the fact that they've had superior hardware since the dx10 days, I'm confident the trend will continue.

Do you mean Nvidia or AMD?

[themaniac]

sweet this is great, depending on how the gpus sell until zen is released they could be saved if zen fails they just have to kill off the cpu department for a bit and focus on just their gpus

[That Norwegian Guy]

A member of my family owns 6000 shares of AMD

 

A friend of mine bought a whole heap of shares in Funcom like 6 years ago, rest assured it could be worse, lol.