AMD 4Q 2010 results today

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Wreckage

Wreckage

Banned
Jul 1, 2005
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Looks like they posted the results early
http://phx.corporate-ir.net/phoenix.zhtml?c=74093&p=irol-newsArticle&ID=1518354&highlight=

Fourth Quarter 2010 Results

* AMD revenue $1.65 billion, 2 percent sequential increase and flat year-over-year
* Net income $375 million, EPS $0.50, operating income $413 million
* Non-GAAP(1,2) net income $106 million, EPS $0.14, operating income $141 million
* Gross margin 45 percent

2010 Annual Results

* AMD revenue $6.49 billion, an increase of 20 percent year-over-year
* Net income $471 million, EPS $0.64, operating income $848 million
* Non-GAAP(1,2) net income $360 million, EPS $0.49, operating income $553 million
* GAAP annual gross margin 46 percent, non-GAAP annual gross margin 45 percent

AMD (NYSE: AMD) today announced revenue for the fourth quarter of 2010 of $1.65 billion, net income of $375 million, or $0.50 per share, and operating income of $413 million. The company reported non-GAAP net income of $106 million, or $0.14 per share, and non-GAAP operating income of $141 million. The non-GAAP net income and non-GAAP operating income primarily excluded a net of tax gain of $236 million, and a pre-tax gain of $283 million, respectively, that the company recognized related to a patent license and legal settlement.

For the year ended December 25, 2010, AMD reported revenue of $6.49 billion, net income of $471 million, or $0.64 per share, and operating income of $848 million. Full year non-GAAP net income was $360 million, or $0.49 per share, and operating income was $553 million.

"AMD enters 2011 with significant momentum, amplified by the successful launch of our first Fusion APUs," said Thomas Seifert, CFO and Interim CEO. "I am confident we can drive profitable growth based on the strength of new products we will bring to market. Our customers recognize that Fusion APUs are at the core of delivering the world's most vivid digital experiences."
Click to expand...
 
veri745

veri745

Golden Member
Oct 11, 2007
1,163
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Good to see Net positive numbers for both the quarter and the year for AMD.

Anyone have an opinion on whether the improved net income was a result of Northern Islands or Zacate/Ontario, or both?
 
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Lonyo

Lifer
Aug 10, 2002
21,938
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They usually post numbers before the call, gives investors a chance to look over them and ask questions relating to them.
Seems like the bulk of the change was GloFo finally not being a drag after many quarters, plus another chunk from some legal settlement or other.

The core businesses (CPU + GPU) are running at the same income/profit level as before, but finally overall results are positive due to GloFo, and they are very positive due to some legal money.
 
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busydude

busydude

Diamond Member
Feb 5, 2010
8,793
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veri745 said:
Anyone have an opinion on whether the improved net income was a result of Northern Islands or Zacate/Ontario, or both?
Click to expand...

AMD does not give a break down of each product.. they do give a breakdown of different divisions.

resultskq.png


I am not sure where APU's fill in though.
 
veri745

veri745

Golden Member
Oct 11, 2007
1,163
4
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Lonyo said:
They usually post numbers before the call, gives investors a chance to look over them and ask questions relating to them.
Seems like the bulk of the change was GloFo finally not being a drag after many quarters, plus another chunk from some legal settlement or other.

The core businesses (CPU + GPU) are running at the same income/profit level as before, but finally overall results are positive due to GloFo, and they are very positive due to some legal money.
Click to expand...

GAAP Operating income of $413M in Q4 vs $128M in Q3 and $125M in Q2, I wouldn't call that on the "same level"
 
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Elixer

Elixer

Lifer
May 7, 2002
10,371
762
126
All I heard was:
blah..blah...
bulldozer is "on track" for early summer... that means May/June release most likely.
No shortages of anything... (I guess this also means the new 9xx chipsets?)
No news about AM3+...
llano vs SB = "pleasantly surprised" (GPU performance)
lame (zzz) questions being asked... :p
Oh, and the console market is really helping AMD's bottom line.
 
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drizek

Golden Member
Jul 7, 2005
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It's good to see things going well, particularly with the good news about GF.

The next quarter probably won't be too great though since they really don't have anything on the desktop to compete with SB, and I can't imagine that their Bobcat margins are all that great.
 
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maniac5999

Senior member
Dec 30, 2009
505
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veri745 said:
Anyone have an opinion on whether the improved net income was a result of Northern Islands or Zacate/Ontario, or both?
Click to expand...

Remember, this was the quarter from 9/26-12/25. We're just seeing Zacate devices begin to trickle into the wild now, and we're almost a third of the way into Q1 11, so it's highly unlikely they contributed to Q4 earnings in any significant way.
 
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tincart

Senior member
Apr 15, 2010
630
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Dirk has turned the company around. Now they can install some new moron and run it into the ground again.
 
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zebrax2

Senior member
Nov 18, 2007
974
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drizek said:
It's good to see things going well, particularly with the good news about GF.

The next quarter probably won't be too great though since they really don't have anything on the desktop to compete with SB, and I can't imagine that their Bobcat margins are all that great.
Click to expand...

That's better than not having anything at all plus bobcats market is quite large (notebook and embedded).
 
Phynaz

Phynaz

Lifer
Mar 13, 2006
10,140
819
126
drizek said:
It's good to see things going well, particularly with the good news about GF.

The next quarter probably won't be too great though since they really don't have anything on the desktop to compete with SB, and I can't imagine that their Bobcat margins are all that great.
Click to expand...

They expect this quarter to be about the same as last quarter.
 
veri745

veri745

Golden Member
Oct 11, 2007
1,163
4
81
maniac5999 said:
Remember, this was the quarter from 9/26-12/25. We're just seeing Zacate devices begin to trickle into the wild now, and we're almost a third of the way into Q1 11, so it's highly unlikely they contributed to Q4 earnings in any significant way.
Click to expand...

You also have to remember that AMD sells mobile chips to OEMs, not the channel, so they sold all those units that are being built into laptops last quarter...
 
S

SickBeast

Lifer
Jul 21, 2000
14,377
19
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veri745 said:
Good to see Net positive numbers for both the quarter and the year for AMD.

Anyone have an opinion on whether the improved net income was a result of Northern Islands or Zacate/Ontario, or both?
Click to expand...

I'm pretty sure most if not all of their profit can be attributed to the lawsuit they won against Intel.
 
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Martimus

Diamond Member
Apr 24, 2007
4,490
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tincart said:
Dirk has turned the company around. Now they can install some new moron and run it into the ground again.
Click to expand...

This is my worry, but perhaps it is unfounded. Other than Hector Ruiz, the other CEO's of the company actually managed to do relatively well. Jerry Sanders helped grow the company into a multibillion dollar a year company, and Dirk Meyer turned the company from a billion dollar a year loser, to one that actually makes a net profit (albeit a small percentage profit, but it still beats the alternative.)

Perhaps the next CEO will be good enough to continue Meyers track of profitability, or even improve on it. Who knows?
 
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