Advanced Micro Devices Expects Q1 Revenue To Decrease Sequentially - Quick Facts

(RTTNews) - Advanced Micro Devices (AMD) announced that, for first quarter 2016, based on a 13 week quarter, the company expects revenue to decrease 14 percent, plus or minus 3 percent, sequentially. The company's fourth-quarter revenue was $958 million, down 10 percent sequentially primarily driven by seasonally lower sales of semi-custom SoCs and down 23 percent year-over-year, primarily due to lower client processor sales.

For the fourth quarter of 2015, the company reported a net loss of $102 million, loss per share of $0.13, and a non-GAAP net loss of $79 million, and non-GAAP loss per share of $0.10.