AMD Q4 results

Discussion in 'CPUs and Overclocking' started by Phynaz, Jan 22, 2013.

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  1. mrmt

    mrmt Diamond Member

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    AMD? They didn't pump 1 billion in AMD.
     
  2. mrmt

    mrmt Diamond Member

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    10% more revenue in 40% of their CPU mix at the same COGS won't bring them to 1.3 billion, much less to 52% gross margins.
     
  3. Phynaz

    Phynaz Diamond Member

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    LOL! :thumbsup:
     
  4. mrmt

    mrmt Diamond Member

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    Kabini will keep the things running, but it won't be the product that will save AMD. Kabini is too small, TAM is also small, it will feel the heat of IVB/HSW from Q2 and Q4 from Silvermont. Even if they can raise the gross margins by 10%, this will bring only 25-30 million per quarter.

    Why are you so enthusiastic about console sales? Nvidia had the xbox sales and they never ever mentioned it as an important source of revenues, much less IBM.

    The main reason for that is that console hardware is a race to the bottom, and volumes aren't that great. Even if you add up PS3 and Xbox360 sales per year, the shipments figures are lower than AMD's quarterly figures in 2011. Sure, it is better than nothing, but no salvation here.

    As for graphics, since when AMD makes money with GPU?
     
  5. Abwx

    Abwx Diamond Member

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    How much did they pay to get 19% of the shares .?..

    Most were bought at about 8$ or so.
     
  6. frozentundra123456

    frozentundra123456 Diamond Member

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    It seems like AMD is always looking for some great product to give them the edge but it always is just a step out of reach.

    In any case, opinion is so polarized regarding the future of AMD. AMD fans think some great breakthrough is going to put them at the top of some segment at least, while Intel fans are convinced they are going bankrupt. My best guess is that they will continue pretty much as they are now, sometimes making a small profit, and sometimes losing money. Sometimes jumping ahead in a given segment or two, but not being able to keep the lead because of the superior resources of Intel.
     
  7. mrmt

    mrmt Diamond Member

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    No, they didn't.
     
  8. mrmt

    mrmt Diamond Member

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    First it's not a matter of being Intel fan or not to believe that AMD will fail. Market is pretty much pricing liquidation at some point in the future.

    AMD isn't "making a small profit" and "sometimes losing money", the company is bleeding cash like crazy and is shut out of the debt market, to the point that investors are now concerned that the company won't be able to sustain operations with the current rate of cash burn.
     
  9. Arachnotronic

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    Eyefinity,

    I assume if you believe this, you will be loading up on some AMD tomorrow?
     
  10. Idontcare

    Idontcare Elite Member

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    Devinder Kumar is the CFO of AMD.

    It doesn't matter what their margins are, GAAP or non-GAAP, the fact they are losing money is all that is relevant. You can have 100% margins, but if you are still losing money then you are still destined for some very tough times ahead.
     
    #35 Idontcare, Jan 22, 2013
    Last edited: Jan 22, 2013
  11. Arachnotronic

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    Intel will not blink. The fact that the PC segment is not growing all that much, and given that shareholders are punishing the stock for not having expanded into other markets yet, means that Intel is on even more of a defensive than they were against the K8.

    In short, AMD is done for in the PC space. That includes their BS about "Hondo" and "Temash".

    It's funny how they don't give TDP values for the Temash BS they were showing off. They did in previous presentations -- 3.6W - 5.9W -- but of course, when you're presenting in a tent at CES, you can't tell your audience that your quad core downclocked-kabini will be within a watt of Intel's much superior "Haswell".

    Show's over folks. Anybody who thinks AMD will "pull a K8" against an Intel this well-oiled is delusional or maybe just way to high on (h)opium.

    The ARM guys aren't too much better off in the long run, but they all have profitable, high margin businesses to fund those little ventures.
     
  12. Abwx

    Abwx Diamond Member

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    How to contradict yourself in two lines while , as usual , trashing
    AMD for imaginary reasons....
     
  13. SiliconWars

    SiliconWars Platinum Member

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    Yes a bit like Medfield, whatever it's called now and what's the future one called again?
     
  14. SiliconWars

    SiliconWars Platinum Member

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    Yes I'm sure AMD had a specially designed Temash with 4GHz clocks at 12W just for CES.
     
  15. Arachnotronic

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    I'm not "trashing AMD for imaginary reasons". They didn't give the TDP of the chip that was being demo'd. While OLDER slides had let slip the 3.6W - 5.9W range, the newer slides conveniently omit this, as if people who follow the industry will just "forget".

    The one they showed was probably quad core @ 5.9W TDP. The ones that'll actually make any sort of pass in the iPad-like tablet space are likely dual core with significantly gimped everything.
     
  16. Phynaz

    Phynaz Diamond Member

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    It would be more fruitfull for the thread if you could give us a few
    clues , if ever you have some about AMD's financial performance.
     
  17. pablo87

    pablo87 Senior member

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    Some "observations":

    - gross margin non gaap was 39% sort of what I expected due to a) competitive pressures in a down market and b) old inventory which you usually get less for. I'd say IF they don't have more crap from the WSA, they should be able to do a lot better than 40% forecasted.

    - @ 45% gross margin, break even before interest becomes $1B, $1.1B including. that assumes no more PAY to GF which of course would be a stupid assumption.

    - small operating loss; GPU actually made a little money.

    - did you see the list of non gaap items going back to 2011? Yikes.

    - inventory down $200MM more or less as expected which helped cash.

    - the current asset - current liability change (LTD and LTS virtually unchanged) around negative $400MM. That is a real loss. big #.

    - whatever mubadala paid for those shares, it wasn't much.

    - inventory going up in Q1 - they're obviously gearing up for something.

    - wasn't able to listen in to the conference call and the transcript isn't up yet.

    - trinity shipments doubled.

    I'd say this is as bad as its going to get, notwithstanding the WSA...
     
    #42 pablo87, Jan 22, 2013
    Last edited: Jan 22, 2013
  18. frozentundra123456

    frozentundra123456 Diamond Member

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    Didnt say Intel did not do the same thing, but their desktop and server processors are state of the art. As for AMD: one word--Bulldozer. Or would you rather I brought up the APUs which have been mediocre at best. Or how about heterogeneous computing and GPGPU? Might work out, but I would not buy their stock based on it.
     
  19. CTho9305

    CTho9305 Elite Member

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    On the plus(?) side, extremely high levels of attrition are reducing their costs. Much of the Jaguar design team is now at Apple, Qualcomm, Samsung, etc (including the chief architect, who gave the Hot Chips talk back in August).
     
  20. Arachnotronic

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    Oh boy, really?

    EDIT: I looked him up. Jeff Rupley. According to Linkedin, still at AMD.
     
  21. Idontcare

    Idontcare Elite Member

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    There is one person on these forums who would know exactly where people from that team are working now, and you just called shens on him? ;)
     
  22. georgec84

    georgec84 Senior member

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    Nowhere to go but up.

    2013 will be better. AMD will be healthy again. They're finally making good decisions with the future in mind.
     
  23. Centauri

    Centauri Golden Member

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    AMD is completely doomed!!1

    Oh wait, the stock is up after hours - the street thinks otherwise.
     
  24. Homeles

    Homeles Platinum Member

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    I like how people downplay the stock price when AMD is doing poorly, and play it up when they're doing well on the stock market.
     
  25. Centauri

    Centauri Golden Member

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    Probably because stocks tank a lot more quickly than they recover, so a loss in share price is not particularly indicative of any company's bottom line.
     
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