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Insights on Financial & Corporate Actions - Report on Advanced Micro Devices, Inc.


News provided by

www.aciassociation.com

Jul 24, 2015, 09:15 ET

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NEW YORK, July 24, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Advanced Micro Devices, Inc. (NASDAQ: AMD). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=AMD

Highlights from our AMD Report include:

  • Q2 2015 Revenue Update - On July 16, 2015, Advanced Micro Devices, Inc. (AMD) reported its Q2 FY 2015 results (period ended June 27, 2015). AMD's Q2 revenue of $942 million (down 8% QoQ and down 35% YoY) matched the guidance provided in its update released on July 6, 2015.
  • Decline in Segment Performance - The Company's Computing and Graphics segment sales fell 54% YoY to $379 million; the division reported an operating loss of $147 million. Enterprise, Embedded, and Semi-Custom revenue rose 13% sequentially, primarily driven by higher sales of semi-custom SoCs, and fell 8% YoY to $563 million, primarily driven by decreased server sales and lower non-recurring engineering (NRE) revenue. The division reported a $27 million in operating profit.
  • Not-so-good Margins - Gross margin was 25%, versus 32% reported in the previous quarter. Operating loss was $137 million, which remained flat compared to the previous quarter. Net loss came in at $181 million or $0.23 per share, compared to a net loss of $180 million or $0.23 per share in Q1 2015.
  • AMD's Q3 2015 Revenue Outlook - As per the Company press release, AMD expects revenue to increase 6%, plus or minus 3%, sequentially in Q3 2015. Moreover, non-GAAP operating expenses are expected to be c. $340 million, while cash and cash equivalents are anticipated to come c. $700 million.
  • Highlights about Recent Corporate Actions - AMD has provided an update about its multi-year strategy which focused on delivering a broad set of high-performance, differentiated products across the key areas of gaming, immersive platforms, and the datacenter at its 2015 Financial Analyst Day event. AMD also informed about its forthcoming x86 processor core (codenamed "Zen"), which would provide high-performance client and server computing.

To find out how this influences our rating on Advanced Micro Devices, Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=AMD

--

About ACI Association: 

Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:  

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.

NO WARRANTY 

ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.

RESTRICTIONS 

ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE www.aciassociation.com

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