amd logo AMD reports Q4 and 2011 results

AMD has announced financial results for Q4 2011 and full year 2011. Revenue for Q4 2011 stayed flat over Q3 2011 at $1.69 billion, while revenues were slightly up in 2011 to $6.57 billion over 2010. 

AMD has announced financial results for Q4 2011 and full year 2011. Revenue for Q4 2011 stayed flat over Q3 2011 at $1.69 billion, while revenues were slightly up in 2011 to $6.57 billion over 2010. 

Non-GAAP net income for Q4 2011 was reported as $138 million. However, AMD underwent restructuring changes costing $98 million, and an impairment of AMD's investment in Globalfoundries at $209 million. Accounted for in the GAAP results, this lead to a net loss of $177 million for Q4 2011. Despite this, AMD still managed an increase in net income for 2011 to $491 million, up from $471 million in 2010.

AMD shipped more than 30 million APUs in 2011 over A, C and E series. AMD's server division also saw strong growth, due to the introduction of Bulldozer bazed Opteron 6200/4200 series. The graphics segment however saw a decrease in Q4 2011, 5% over Q3 and 10% over Q4 2010. This was largely due to a decline in mobile GPU shipments, possibly caused by processor graphics / APUs gaining traction, as well as NVIDIA's Optimus gaining mind share. However, this was offset partially by increase in royalties from increased Xbox 360 and Wii sales in Q4. Curiously, AMD made no mention of the hard drive shortage, something NVIDIA and Intel have blamed.

Looking forward to Q1 2012, AMD expect revenue to decrease 8% ± 3%. 

Source: AMD Press Release