- Revenue Increased 19 Percent Year-over-Year -
SUNNYVALE, Calif., July 25, 2017 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2017 of $1.22 billion, operating income of $25 million, and net loss of $16 million, or $(0.02) per share. On a non-GAAP(1) basis, operating income was $49 million, net income was $19 million, and earnings per share was $0.02.
| GAAP Financial Results | |||||||||||
| Q2-17 | Q1-17 | Q2-16 | |||||||||
| Revenue | $1.22B | $984M | $1.03B | ||||||||
| Operating income (loss) | $25M | $(29)M | $(8)M | ||||||||
| Net income (loss) | $(16)M | $(73)M | $69M | ||||||||
| Earnings (loss) per share | $(0.02) | $(0.08) | $0.08 | ||||||||
| Non-GAAP Financial Results(1) | |||||||||||
| Q2-17 | Q1-17 | Q2-16 | |||||||||
| Revenue | $1.22B | $984M | $1.03B | ||||||||
| Operating income (loss) | $49M | $(6)M | $3M | ||||||||
| Net income (loss) | $19M | $(38)M | $(40)M | ||||||||
| Earnings (loss) per share | $0.02 | $(0.04) | $(0.05) | ||||||||
“Our second quarter results demonstrate strong growth driven by leadership products and focused execution," said Dr. Lisa Su, AMD president and CEO. "Our Ryzen desktop processors, Vega GPUs, and EPYC datacenter products have received tremendous industry recognition. We are very pleased with our improved financial performance, including double digit revenue growth and year-over-year gross margin expansion on the strength of our new products.”
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