AMD Reports Fourth Quarter and Annual Results

by Marco Chiappetta — Wednesday, January 24, 2007, 10:45 AM EDT

AMD Reports Fourth Quarter and Annual Results

- Fourth Quarter Microprocessor Unit Shipments Set New Record, Increasing 26 Percent Year-Over-Year and 19 Percent Sequentially -

- Fourth Quarter Mobile Processor Revenue Increased 85 Percent Year-Over-Year and 41 Percent Sequentially -

SUNNYVALE, Calif. -- January 23, 2007 --AMD (NYSE: AMD) today reported financial results for the quarter ended December 31, 2006. As a result of AMD's acquisition of ATI, fourth quarter financial results include the results of the former ATI operations1 beginning October 25, 2006. Because comparison of fourth quarter consolidated financial results to previous periods do not correlate directly, AMD has provided non-GAAP financial measures for AMD's historical business (pre-acquisition AMD). Management believes this non-GAAP presentation will aid investors by presenting current and historical results in a form that makes it easier to compare current period results with historical results.

AMD reported fourth quarter 2006 revenue of $1.77 billion, an operating loss of $527 million, and a net loss of $574 million, or $1.08 per share. These results include acquisition-related and integration charges of $550 million, or $1.04 per share, and $27 million of employee stock-based compensation expense, or $0.05 per share.

"We believe we once again gained microprocessor unit share in the quarter, as we did in the year, by continuing to execute against our customer acquisition strategy and our product, technology and manufacturing plans," said Robert J. Rivet, AMD's chief financial officer. READ MORE...

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Marco Chiappetta

Marco's interest in computing and technology dates all the way back to his early childhood. Even before being exposed to the Commodore P.E.T. and later the Commodore 64 in the early ‘80s, he was interested in electricity and electronics, and he still has the modded AFX cars and shop-worn soldering irons to prove it. Once he got his hands on his own Commodore 64, however, computing became Marco's passion. Throughout his academic and professional lives, Marco has worked with virtually every major platform from the TRS-80 and Amiga, to today's high end, multi-core servers. Over the years, he has worked in many fields related to technology and computing, including system design, assembly and sales, professional quality assurance testing, and technical writing. In addition to being the Managing Editor here at HotHardware for close to 15 years, Marco is also a freelance writer whose work has been published in a number of PC and technology related print publications and he is a regular fixture on HotHardware’s own Two and a Half Geeks webcast. - Contact: marco(at)hothardware(dot)com