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AMD Updates Second Quarter Outlook

AMD Updates Second Quarter Outlook - PRESS RELEASE

AMD Updates Second Quarter Outlook

AMD Updates Second Quarter Outlook

 

AMD today announced that revenue for the second quarter ended June 27, 2015 is expected to be lower than previously guided. The company now expects second quarter revenue to decrease approximately 8 percent sequentially, compared to the previous guidance of down 3 percent, plus or minus 3 percent. The sequential decrease is primarily due to weaker than expected consumer PC demand impacting the company's Original Equipment Manufacturer (OEM) APU sales. The company expects second quarter channel sales and channel inventory reduction efforts to be in-line with the company's plans.

The company anticipates non-GAAP gross margin to be approximately 28 percent, compared to the previous non-GAAP guidance of approximately 32 percent primarily due to a higher mix of Enterprise, Embedded and Semi-Custom segment sales and lower than anticipated Computing and Graphics segment APU unit volumes due to weaker than expected OEM PC product demand. Additionally the company anticipates GAAP gross margin to be further impacted by a one-time charge of approximately $33 million associated with a technology node transition from 20 nanometer (nm) to FinFET. The company started several product designs in 20 nm that will instead transition to the leading-edge FinFET node.

Cash and cash equivalents at the end of the second quarter are expected to be approximately $830 million, in line with expectations.

AMD will report second quarter 2015 results after market close on Thursday, July 16, 2015. AMD will hold a conference call for the financial community at 2:30 p.m. PT (5:30 p.m. ET) that day to discuss second quarter financial results and to provide information regarding expected third quarter results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page. The webcast will be available for 10 days after the conference call.

  

You can join the discussion on AMD's updated Q2 expectations on the OC3D Forums.

 

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Most Recent Comments

07-07-2015, 04:12:30

Thelosouvlakia
They'll have to fire a lot of people eventually maybe close their offices in Canada too...Quote

07-07-2015, 21:25:50

King of Old Old School
This is not good there is just to many "Nvidia Sheep" out there and yes sadly i'm one too.

How has AMD screwed up so much cause 10 years ago AMD was kicking Intel bottom.Quote

07-07-2015, 21:44:08

Chrazey
Quote:
Originally Posted by King of Old School View Post
How has AMD screwed up so much cause 10 years ago AMD was kicking Intel bottom.
Isn't it like WYP and some others have stated in previous posts and articles?... the management.Quote

07-07-2015, 23:28:51

NeverBackDown
Management and buying ATI who was in debt didn't help them either.Quote

08-07-2015, 04:10:51

Thelosouvlakia
Another thing AMD could have done to reduce expenses would be moving their HQs on a EU country like Luxemburg and benefit from the super super super low big enterprise taxesQuote
Reply
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