AMD beats expectations despite loss

Summary:The chipmaker beat expectations for its first-quarter revenue, but recorded a net loss of $590m, following charges arising from its revised agreement with GlobalFoundries

Chipmaker AMD reported mixed results for its first quarter, but beat expectations.

AMD reported a first-quarter net loss on Thursday of $590m ($366m), or 80 cents a share, on revenue of $1.59bn, down two percent from a year ago. Non-GAAP earnings were 12 cents a share. Wall Street was expecting AMD to report non-GAAP earnings of 9 cents a share on revenue of $1.56bn.

AMD said that non-GAAP earnings excluded a charge relating to a revised agreement with GlobalFoundries, SeaMicro acquisitions costs, restructuring and a tax benefit.

For more on this ZDNet UK-selected story, see AMD Q1 mixed, but better than expected on

Get the latest technology news and analysis, blogs and reviews delivered directly to your inbox with ZDNet UK's newsletters.

Topics: Tech Industry


Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.