AMD reports net loss of $590 million for Q1 2012, calls that 'solid results'

We're not sure about you, but we wouldn't call losing over half a billion dollars, "solid results." Still, we're not 100 percent ready to rain on AMD's parade yet. The non-GAAP results (which disregard a pile of one-time charges and investments) turn the $590 million loss into a $92 million profit. Though, the GAAP results do make two straight quarters of losses and revenue clearly continued to decline -- falling to $1.59 billion. That's down six percent from last quarter and two percent from the same time period last year. Revenue from the graphics division held steady from last quarter, though, it's down seven percent year-over-year. For more financial fun hit up the PR after the break.

Continue reading AMD reports net loss of $590 million for Q1 2012, calls that 'solid results'

AMD reports net loss of $590 million for Q1 2012, calls that 'solid results' originally appeared on Engadget on Thu, 19 Apr 2012 16:40:00 EDT. Please see our terms for use of feeds.