Anyone have a link to a good summary? Would be appreciated.
http://wccftech.com/amd-q1-2016-earnings-financials/
AMD Market Segment Performance:
Computing and Graphics operating loss was $70 million, compared to an operating loss of $99 million in Q4 2015, primarily due to lower operating expenses.
Enterprise, Embedded and Semi-Custom segment revenue was $372 million, down 24% compared to the prior quarter, primarily driven by lower sales of our semi-custom SoCs.
Enterprise, Embedded and Semi-Custom operating income was $16 million, down from operating income of $59 million in the prior quarter, primarily due to lower revenue and higher R&D expenses, partially offset by the Q1 2016 $7 million IP licensing gain.
Not a good Q1 2016.
AMD needs to execute with 14nm Zen and Polaris/Vega because PS4/XB1 alone are not enough to keep the company profitable.
Never safe to assume anything. Personally I think the jump is an over reaction, and the stock will slip back, at least temporarily. Long term, they still have to turn a profit at some point. But they seem to be on an upward trend.
$293M of extra cash from IP licensing they didn't have before today is an over reaction?
They will also have $320M cash infusion from another JV closing Q2 2016.
That's > $600M of extra income before taxes over the next 12-15 months.
That's why they are projecting a cash increase for Q2 2016:
Also, some notable highlights:
1. Zen is ontrack to achieve > 40% IPC uplift
2. Already secured several Zen OEM design wins
3. Next gen FirePro GPUs / Zen server CPUs in the pipeline
4. At least 2 new semi-custom designs wins (2H 2016 and 2017) => Likely NX and PS4 Neo.
"AMD reported that they have already started shipping Bristol Ridge APUs to OEMs since March. AMD also saw a double digit percentage increase (sequentially) in desktop discrete GPUs largely driven by increased Radeon 300 series sales in the market channel."
http://wccftech.com/amd-q1-2016-earnings-financials/#ixzz46WWvwgSC
Looks like the predictions that AMD is going bankrupt in 2016 are also wrong (like the last 20 years in a row). :sneaky:
AMD lost over $100,000,000 and people think that's a good thing.
That's what happens when
you don't read the entire earnings report.
Where exactly was that leaked? I was very hesitant to buy anything AMD as their stock was just a roller coaster since Feb. Analysts valued it @ $1.87 a share, it's now 3.50 which is almost double. Do u guys think it's overbought?
I don't. Right now on paper AMD has outdated GPU and CPU product lines in almost all market segments, while Zen and Polaris/Vega are all-new designs from scratch. The question you have to ask is do you think AMD will make more $ and gain some market share from Intel/NV with Zen + 14nm GPUs? If you think YES, then the stock is undervalued. If you think AMD will perform no better or worse, then it's overbought.
If you want to invest $, there are better ways.
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