- Apr 22, 2012
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http://ir.amd.com/phoenix.zhtml?c=74093&p=irol-newsArticle&ID=1978751
Relatively flat Q. But computing and graphics is still bleeding. While embedded is growing.
The good part:
Relatively flat Q. But computing and graphics is still bleeding. While embedded is growing.
The good part:
The bad part:Enterprise, Embedded and Semi-Custom segment revenue increased 6 percent sequentially and 21 percent year-over-year primarily driven by increased sales of semi-custom SoCs.
- Operating income was $108 million compared with $97 million in Q2 2014 and $92 million in Q3 2013. The sequential and year-over-year increase was primarily due to increased sales of semi-custom SoCs.
- Embedded revenue grew by double digits on a percentage basis sequentially.
And now the ugly part.Computing and Graphics segment revenue decreased 6 percent sequentially and decreased 16 percent year-over-year. The sequential decrease was primarily driven by lower chipset and GPU sales. The year-over-year decline was primarily due to decreased notebook processor and chipset sales.
- Operating loss was $17 million, compared with an operating loss of $6 million in Q2 2014 and operating income of $9 million in Q3 2013. The sequential decrease was primarily driven by lower revenue while the year-over-year decrease was primarily driven by lower revenue partially offset by lower operating expenses.
- Client average selling price (ASP) increased sequentially and year-over-year primarily driven by a richer mix of notebook processor sales.
- GPU ASP decreased sequentially due to lower desktop GPU ASP and increased year-over-year.
The restructuring plan, which will be largely implemented in Q4 2014, is expected to:
- Reduce global headcount by 7 percent, largely expected to be completed by the end of Q4 2014;
- Align AMD's real estate footprint with its reduced headcount;
- Result in a restructuring and impairment charge of approximately $57 million in Q4 2014, primarily related to severance, and a restructuring charge of approximately $13 million in 1H 2015, primarily related to real estate actions;
- The company expects to make cash payments related to these actions of approximately $34 million in Q4 2014 and $20 million in 1H 2015;
- Result in operational savings, primarily in operating expenses, of approximately $9 million in Q4 2014 and approximately $85 million in 2015.
- For Q4 2014, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially
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