"
• Revenue of $1,307 million, up 27 percent sequentially and up 23 percent year-over-year
primarily due to record semi-custom SoC and higher GPU and mobile APU sales, partially
offset by client desktop processor and chipset sales.
• Gross margin was 5 percent, down from 31 percent from the previous quarter due to a
$340 million charge related to the 6th amendment to the Wafer Supply Agreement (WSA)
with GLOBALFOUNDRIES (GF). Non-GAAP gross margin of 31 percent was flat quarter-
over-quarter.
• Operating expenses of $376 million, compared to $353 million for the prior quarter. Non-
GAAP operating expenses of $353 million, compared to non-GAAP operating expenses
of $342 million in Q2 2016, driven by increased investments in research and
development.
• Operating loss of $293 million, compared to an operating loss of $8 million in Q2 2016
due to a $340 million WSA charge. Non-GAAP(1) operating income of $70 million,
compared to non-GAAP(1) operating income of $3 million in Q2 2016, primarily due to
higher revenue.
• Net loss of $406 million, net loss per share of $0.50, compared to net income of $69
million, net earnings per share of $0.08 in Q2 2016. The decline was driven by a $340
million WSA charge and a $61 million loss on debt redemption offset by increased
revenue. Q2 2016 net income included a $150 million pre-tax gain on the sale of 85
percent of assembly, test, mark, and pack (ATMP) facilities to Nantong Fujitsu
Microelectronics"
"Q3 2016 Highlights
• AMD completed capital markets transactions that raised approximately $1.4 billion in
cash, before issuance costs, to lower overall debt, reduce interest expense payments,
and further support growing business opportunities.
• AMD announced a five-year amendment to the WSA with GF that strengthens the
strategic partnership, while providing AMD with flexibility in sourcing foundry services
and greater financial predictability."
"Current Outlook
AMD’s outlook statements are based on current expectations. The following statements are
forward-looking, and actual results could differ materially depending on market conditions and
the factors set forth under “Cautionary Statement” below.
For Q4 2016, AMD expects revenue to decrease 18 percent sequentially, plus or minus 3
percent. The midpoint of guidance would result in Q4 2016 revenue increasing approximately 12
percent year-over-year and 2016 revenue increasing 6 percent from 2015."
• Revenue of $1,307 million, up 27 percent sequentially and up 23 percent year-over-year
primarily due to record semi-custom SoC and higher GPU and mobile APU sales, partially
offset by client desktop processor and chipset sales.
• Gross margin was 5 percent, down from 31 percent from the previous quarter due to a
$340 million charge related to the 6th amendment to the Wafer Supply Agreement (WSA)
with GLOBALFOUNDRIES (GF). Non-GAAP gross margin of 31 percent was flat quarter-
over-quarter.
• Operating expenses of $376 million, compared to $353 million for the prior quarter. Non-
GAAP operating expenses of $353 million, compared to non-GAAP operating expenses
of $342 million in Q2 2016, driven by increased investments in research and
development.
• Operating loss of $293 million, compared to an operating loss of $8 million in Q2 2016
due to a $340 million WSA charge. Non-GAAP(1) operating income of $70 million,
compared to non-GAAP(1) operating income of $3 million in Q2 2016, primarily due to
higher revenue.
• Net loss of $406 million, net loss per share of $0.50, compared to net income of $69
million, net earnings per share of $0.08 in Q2 2016. The decline was driven by a $340
million WSA charge and a $61 million loss on debt redemption offset by increased
revenue. Q2 2016 net income included a $150 million pre-tax gain on the sale of 85
percent of assembly, test, mark, and pack (ATMP) facilities to Nantong Fujitsu
Microelectronics"
"Q3 2016 Highlights
• AMD completed capital markets transactions that raised approximately $1.4 billion in
cash, before issuance costs, to lower overall debt, reduce interest expense payments,
and further support growing business opportunities.
• AMD announced a five-year amendment to the WSA with GF that strengthens the
strategic partnership, while providing AMD with flexibility in sourcing foundry services
and greater financial predictability."
"Current Outlook
AMD’s outlook statements are based on current expectations. The following statements are
forward-looking, and actual results could differ materially depending on market conditions and
the factors set forth under “Cautionary Statement” below.
For Q4 2016, AMD expects revenue to decrease 18 percent sequentially, plus or minus 3
percent. The midpoint of guidance would result in Q4 2016 revenue increasing approximately 12
percent year-over-year and 2016 revenue increasing 6 percent from 2015."