Prominent GPU and CPU company AMD has recently released its financial results for the second quarter of 2016. In the past, AMD has struggled to stay out of the red financially, and the results today aren’t very different, but AMD has improved its posture over 1Q16.
As seen in the table below, AMD’s revenue has grown from $823 million to $1.027 billion, rivaling revenue of 1Q15. The net loss is a net loss of $40 million, up from a net loss of $109 million in 1Q16, and $180 million in 1Q15. Similarly, the operating loss for 2Q16 is $8 million, compared to Q1’s $68 million and 1Q15’s $137 million. This change is primarily due to lower operating expenses and layoffs.
| GAAP Financials | Q2 2016 | Q1 2016 | Q4 2015 | Q2 2015 | Q1 2015 |
| Revenue | $1.027B | $823M | $958M | $942M | $1.03B |
| Operating (Loss) | $(8)M | $(68)M | $(49)M | $(137)M | $(137)M |
| Net (Loss)/(Loss) per share | $(40)M / $(0.05) | $(109)M / $(0.14) | $(102)M / $(0.13) | $(181)M / $(0.23) | $(180)M / $(0.23) |
AMD’s first quarter posted a revenue fall of 19% year over year, which AMD attributed to lower sales of semi-custom SoCs and notebook processors. The company’s position has improved with 2Q16, recovering revenue YOY from $942M in 2Q15 to $1027M in 2Q16.
AMD’s joint venture for “Assembly, Test, Mark, and Pack” (ATMP) was previously approved by Nantong Fujitsu Microelectronics Co.’s shareholders and closed in 2016, providing the company an additional $150M.
AMD’s stock rose from $5.22 to $5.80 shortly after its earnings report was released and is still around $5.80 at the time of writing.
- Michael “The Bear” Kerns.