AMD Reports Fourth Quarter and Annual 2017 Financial Results

Fourth quarter revenue grew 34 percent year-over-year; annual revenue increased 25 percent

SANTA CLARA, Calif., Jan. 30, 2018 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2017 of $1.48 billion, operating income of $82 million and net income of $61 million or diluted earnings per share of $0.06. Non-GAAP⁽¹⁾ operating income was $103 million, non-GAAP⁽¹⁾ net income was $88 million and non-GAAP⁽¹⁾ diluted earnings per share was $0.08.

For fiscal 2017, the Company reported revenue of $5.33 billion, operating income of $204 million and net income of $43 million or diluted earnings per share of $0.04.  Non-GAAP⁽¹⁾ operating income was $301 million, non-GAAP⁽¹⁾ net income was $179 million and non-GAAP⁽¹⁾ diluted earnings per share was $0.17.

“2017 marked a key inflection point for AMD as we re-shaped our product portfolio, delivered 25 percent annual revenue growth, expanded gross margin and achieved full-year profitability," said Dr. Lisa Su, AMD president and CEO. "We are even more excited about 2018 as we launch our next wave of high-performance products and continue to position AMD as one of the premier long-term growth companies in the technology industry.”