AMD Posts $364 Million Net Loss, Looks to Carrizo to Turn Things Around

[[Coi] Mr.CLuBBeR]

Tough quarter for AMD

Hoping for a strong finish to the year, AMD instead reported revenue of $1.24 billion in the fourth quarter, down 13 percent sequentially and 22 percent year-over-year. The Sunnyvale chip designer also reported an operating loss of $330 million and a net loss of $364 million, or $0.47 per share for the quarter, leading to a net loss for the year of $403 million, or $0.53 per share.
"We made progress diversifying our business, ramping design wins and improving our balance sheet this past year despite challenges in our PC business," said Dr. Lisa Su, AMD president and CEO. "Annual Enterprise, Embedded and Semi-Custom segment revenue increased over 50% as customer demand for products powered by our high-performance compute and rich visualization solutions was strong. We continue to address channel headwinds in the Computing and Graphics segment and are taking steps to return it to a healthy trajectory beginning in the second quarter of 2015."
Revenue for the full year was actually up 4 percent to $551 billion, though the figure that stings is the $403 million net loss, compared with an $83 million loss reported in 2013. It didn't help that AMD saw a 15 percent sequential and 16 percent year-over-year loss in its Computing and Graphics segment.
Going into 2015, AMD will look to turn things around with Carrizo and Carrizo-L, which are set to debut in the first half of next year. However, the impact of those new APUs won't be felt until later in the year -- AMD expects revenue to decline 15 percent, plus or minus 3 percent, in the first quarter of 2015.
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