AMD revenues down year-over-year, with a net loss of $136 million

AMD write-down of $65 million for older APUs, while reporting revenues $370 million lower than this time last year.

@anthony256
Published Thu, Oct 15 2015 5:41 PM CDT   |   Updated Tue, Nov 3 2020 12:03 PM CST

Days after we reported that 21-year veteran to AMD left for the warm arms of NVIDIA, AMD reports its third quarter financials. The chipmaker reported revenues of $1.06 billion ending September 30, much lower than the $1.43 billion from last year.

AMD revenues down year-over-year, with a net loss of $136 million | TweakTown.com

AMD's net loss was $136 million, or 17 cents per share, compared to last year where they made a profit of $41 million or 5 cents per share. AMD said that it had a write-down of $65 million for inventory of its older APUs, which saw the company take an 8 cent a share charge. AMD's higher semi-custom chips, such as the APUs powering the Xbox One and PS4, are doing well, but GPU sales are down from last year - even in the wake of the new Radeon R9 390X and new HBM-powered cards in the R9 Nano, R9 Fury and R9 Fury X.

The company has also announced a new agreement with Nantong Fujitsu Microelectronics (NFME) to create an Assembly, Test, Mark and Pack (ATMP) joint venture, with NFME handing over a cool $436 million to secure itself an 85% chunk in the new partnership. NFME will hand over $ 371 million in cash, with the deal closing in the first half of next year. What about the last quarter of 2015?

AMD expects revenues to fall 10% sequentially from Q3 to Q4 thanks to a seasonal decline in its custom APUs, while its computing and GPU segment revenue expecting to increase. The company expects cash to stay at around $750 million.

NEWS SOURCE:venturebeat.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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