Thursday, 17 October 2013 17:27
Q3 2013 Results
AMD revenue $1.46 billion, increased 26 percent sequentially and 15 percent year-over-year
Gross margin 36 percent
Operating income of $95 million and non-GAAP1 operating income of $78 million
Net income of $48 million, earnings per share of $0.06 and non-GAAP1 net income of $31 million, earnings per share of $0.04
SUNNYVALE, Calif. —10/17/2013
AMD (NYSE:AMD) today announced revenue for the third quarter of 2013 of $1.46 billion, operating income of $95 million and net income of $48 million, or $0.06 per share. The company reported non-GAAP operating income of $78 million and non-GAAP net income of $31 million, or $0.04 per share.
“AMD returned to profitability and generated free cash flow in the third quarter as we continued to successfully execute the strategic transformation plan we outlined a year ago,” said Rory Read, AMD president and CEO. “We achieved 26 percent sequential revenue growth driven by our semi-custom business and remain committed to generating approximately 50 percent of revenue from high-growth markets over the next two years. Developing industry-leading technology remains at our core, and we are in the middle of a multi-year journey to redefine AMD as a leader across a more diverse set of growth markets.”
Full press release.