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Free Research Report as Advanced Micro Devices’ Revenue Surged 34%, Turned Profitable Y-O-Y

Stock Monitor: AU Optronics Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 12, 2018 / Active-Investors.com has just released a free earnings report on Advanced Micro Devices, Inc. (NASDAQ: AMD) ("AMD"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AMD. AMD reported its fourth quarter and fiscal 2017 operating and financial results on January 30, 2018. The chipmaker outperformed top- and bottom-line expectations and provided revenue guidance for the upcoming quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for AU Optronics Corp. (NYSE: AUO), which also belongs to the Technology sector as the Company Advanced Micro Devices. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Advanced Micro Devices most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the quarter ended December 31, 2017, AMD's revenue of $1.48 billion surged 34% compared to revenue of $1.11 billion in Q4 2016, primarily driven by strong sales of Radeon™ graphics and Ryzen™ processors. The Company's reported numbers exceeded analysts' estimates of $1.40 billion.

For full year (FY) 2017, AMD's revenue jumped 25% to $5.33 billion compared to revenue of $4.27 billion, driven by an increase in the Computing and Graphics segment.

During Q4 2017, AMD reported gross margin of 35%, up 3% on a y-o-y basis. The Company's GAAP operating income for the reported quarter was $82 million compared to an operating loss of $3 million in the year ago same period. The y-o-y growth was primarily due to higher revenue from the Computing and Graphics segment. On a non-GAAP basis, operating income was $103 million compared to operating income of $26 million in Q4 2016.

For Q4 2017, AMD posted GAAP net income of $61 million, or $0.06 per diluted share, compared to a net loss of $51 million, or $0.06 per diluted share. On a non-GAAP basis, the Company recorded net income of $88 million, or $0.08 per diluted share, in the reported quarter compared to net loss of $8 million, or $0.01 per diluted share, in the year earlier same quarter. AMD's earnings result surpassed Wall Street's expectations of $0.05 per share.

For FY17, AMD reported net income of $43 million, or $0.04 per diluted share, compared to a net loss of $497 million, or $0.60 per share, in FY16. The Company posted non-GAAP net income of $179 million, or $1.07 per diluted share, in the reported period compared to a net loss of $117 million, or $0.14 per diluted share, in the year ago same period.

Advanced Micro Devices' Financial Segment Summary

During Q4 2017, the Computing and Graphics segment's revenue soared 60% to $958 million compared to revenue of $600 million in Q4 2016, primarily driven by strong sales of Radeon graphics and Ryzen desktop processors. The segment recorded operating income of $85 million in the reported quarter compared to an operating loss of $21 million in the year ago corresponding period. The y-o-y improvements were primarily driven by higher revenue.

During Q4 2017, the Enterprise, Embedded, and Semi-Custom segment's revenue totaled $522, up 35 compared to revenue of $506 million in Q4 2016, driven by server revenue. The segment's operating income was $19 million for the reported quarter compared to $47 million in the year earlier same quarter. The y-o-y decline in operating income was primarily attributed to the absence of a $31 million licensing gain in Q4 2016 and an increase in R&D expenses, partially offset by the benefit from a richer product mix.

Cash Matters

AMD's cash and cash equivalents were $1.18 billion at the end of Q4 2017, up $306 million from the end of the prior quarter.

Current Outlook

For Q1 2018, AMD is forecasting revenue to be approximately $1.55 billion, plus or minus $50 million, reflecting an increase of 32% on a y-o-y basis, primarily driven by the strength of the ramp of new Ryzen, GPU, and EPYCtm products.

Stock Performance Snapshot

February 09, 2018 - At Friday's closing bell, Advanced Micro Devices' stock was slightly up 0.80%, ending the trading session at $11.31.

Volume traded for the day: 85.31 million shares, which was above the 3-month average volume of 52.43 million shares.

Stock performance for year-to-date – up 10.02%

After last Friday's close, Advanced Micro Devices' market cap was at $10.83 billion.

Price to Earnings (P/E) ratio was at 353.44.

The stock is part of the Technology sector, categorized under the Semiconductor - Broad Line industry. This sector was up 2.1% at the end of the session.


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