AMD’s Q1 earnings are in, capping off a very important quarter for the company. For the first quarter of the year, AMD booked $984 million in revenue, a sizable 18% jump over Q1 last year. This revenue increase was enough to narrow the company’s losses, but not to wipe them out entirely. On a GAAP basis the company lost $73M for the quarter, leading to an overall loss of $0.08 per share. Q1 is also a relatively weak quarter for technology companies in general, and AMD is no exception, with revenue down and losses up slightly compared to their revenue-strong fourth quarter of 2016.
| AMD Q1 2017 Financial Results (GAAP) | |||||
| Q1’2017 | Q4’2016 | Q1’2016 | |||
| Revenue | $948M | $1110B | $832M | ||
| Gross Margin | 34% | 32% | 32% | ||
| Operating Income | -$29M | -$3M | -$68M | ||
| Net Income | -$73M | -$51M | -$109M | ||
| Earnings Per Share | -$0.08 | -$0.06 | -$0.14 | ||
source: insemicon.com
AMD Releases Q1 2017 Earnings, Confirms Vega and Naples Still On-Track for This Quarter