[PC新闻] AMD Reports Record Second Quarter Revenue [复制链接]

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发表于 2010-7-18 08:36:23 |只看该作者 |倒序浏览

<H1>AMD Reports Record Second Quarter Revenue </H1><EM>
<DIV></DIV> <BR>
<UL>
<LI>AMD revenue $1.65 billion, 5 percent sequential increase and 40 percent increase year-over-year
<LI>Net loss $43 million, net loss per share $0.06, operating income $125 million
<LI>Non-GAAP<SUP>1,2 </SUP>net income $83 million, EPS $0.11, operating income $138 million
<LI>Gross margin 45 percent </LI></UL></EM><BR><STRONG>SUNNYVALE, Calif. —7/15/2010  </STRONG>
<P><A href="http://phx.corporate-ir.net/phoenix.zhtml?c=74093&p=irol-IRHome" target=_blank><FONT color=#0000ff>AMD</FONT></A> (NYSE:AMD) today announced revenue for the second quarter of 2010 of $1.65 billion, a net loss of $43 million, or $0.06 per share, and operating income of $125 million.  The company reported non-GAAP net income of $83 million, or $0.11 per share, and non-GAAP operating income of $138 million.</P>
<P>"Robust demand for our latest mobile platforms and solid execution drove record second quarter revenue and a healthy gross margin," said Dirk Meyer, AMD President and CEO. "Our unmatched combination of microprocessor and graphics capabilities resulted in customers launching a record number of new mobile and desktop platforms.  We added Sony as a microprocessor customer and continue to see our existing customers expand their AMD-based platform offerings."</P>
<H3 align=center>GAAP Financial Results</H3>
<P>
<TABLE class=Table_Style1 cellSpacing=0 cellPadding=0 border=1>
<THEAD></THEAD>
<TBODY>
<TR class=Table_Style1TableEvenRow>
<TD class=Table_Style1TableFirstCol style="WIDTH: 272px" vAlign=top>
<P> </P></TD>
<TD class=Table_Style1TableOddCol style="WIDTH: 165px" vAlign=top>
<P style="TEXT-ALIGN: center">Q2-10</P></TD>
<TD class=Table_Style1TableEvenCol style="WIDTH: 135px" vAlign=top>
<P style="TEXT-ALIGN: center">Q1-10</P></TD>
<TD class=Table_Style1TableLastCol style="WIDTH: 180px" vAlign=top>
<P style="TEXT-ALIGN: center">Q2-09</P></TD></TR>
<TR class=Table_Style1TableOddRow>
<TD class=Table_Style1TableFirstCol style="WIDTH: 272px" vAlign=top>
<P>Revenue</P></TD>
<TD class=Table_Style1TableOddCol style="WIDTH: 165px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$1.65B</P></TD>
<TD class=Table_Style1TableEvenCol style="WIDTH: 135px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$1.57B</P></TD>
<TD class=Table_Style1TableLastCol style="WIDTH: 180px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$1.18B</P></TD></TR>
<TR class=Table_Style1TableEvenRow>
<TD class=Table_Style1TableFirstCol style="WIDTH: 272px" vAlign=top>
<P>Operating income (loss)</P></TD>
<TD class=Table_Style1TableOddCol style="WIDTH: 165px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$125M</P></TD>
<TD class=Table_Style1TableEvenCol style="WIDTH: 135px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$182M</P></TD>
<TD class=Table_Style1TableLastCol style="WIDTH: 180px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$(249)M</P></TD></TR>
<TR class=Table_Style1TableFooterRow>
<TD class=Table_Style1TableFooterFirstCol style="WIDTH: 272px" vAlign=top>
<P>Net income (loss) attributable to AMD common stockholders/ Earnings (loss) per share</P></TD>
<TD class=Table_Style1TableFooterOddCol style="WIDTH: 165px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$(43)M/$(0.06)</P></TD>
<TD class=Table_Style1TableFooterEvenCol style="WIDTH: 135px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$257M/$0.35</P></TD>
<TD class=Table_Style1TableFooterLastCol style="WIDTH: 180px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$(330)M/$(0.49)</P></TD></TR></TBODY></TABLE></P>
<H3 align=center>Non-GAAP Financial Results<SUP>1</SUP></H3>
<P>
<TABLE class=Table_Style1 style="WIDTH: 677px" cellSpacing=0 cellPadding=0 border=1>
<THEAD></THEAD>
<TBODY>
<TR class=Table_Style1TableEvenRow>
<TD class=Table_Style1TableFirstCol style="WIDTH: 234px" vAlign=top>
<P><B></B></P></TD>
<TD class=Table_Style1TableOddCol style="WIDTH: 143px" vAlign=top>
<P style="TEXT-ALIGN: center">Q2-10</P></TD>
<TD class=Table_Style1TableEvenCol style="WIDTH: 140px" vAlign=top>
<P style="TEXT-ALIGN: center">Q1-10</P></TD>
<TD class=Table_Style1TableLastCol style="WIDTH: 161px" vAlign=top>
<P style="TEXT-ALIGN: center">Q2-09</P></TD></TR>
<TR class=Table_Style1TableOddRow>
<TD class=Table_Style1TableFirstCol style="WIDTH: 234px" vAlign=top>
<P>Revenue</P></TD>
<TD class=Table_Style1TableOddCol style="WIDTH: 143px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$1.65B</P></TD>
<TD class=Table_Style1TableEvenCol style="WIDTH: 140px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$1.57B</P></TD>
<TD class=Table_Style1TableLastCol style="WIDTH: 161px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$1.18B</P></TD></TR>
<TR class=Table_Style1TableEvenRow>
<TD class=Table_Style1TableFirstCol style="WIDTH: 234px" vAlign=top>
<P>Operating income (loss)</P></TD>
<TD class=Table_Style1TableOddCol style="WIDTH: 143px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$138M</P></TD>
<TD class=Table_Style1TableEvenCol style="WIDTH: 140px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$130M</P></TD>
<TD class=Table_Style1TableLastCol style="WIDTH: 161px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$(205)M</P></TD></TR>
<TR class=Table_Style1TableFooterRow>
<TD class=Table_Style1TableFooterFirstCol style="WIDTH: 234px" vAlign=top>
<P>Net income (loss) / Earnings (loss) per share</P></TD>
<TD class=Table_Style1TableFooterOddCol style="WIDTH: 143px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$83M/$0.11</P></TD>
<TD class=Table_Style1TableFooterEvenCol style="WIDTH: 140px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$63M/$0.09</P></TD>
<TD class=Table_Style1TableFooterLastCol style="WIDTH: 161px" vAlign=bottom>
<P style="TEXT-ALIGN: center">$(244)M/$(0.37)</P></TD></TR></TBODY></TABLE></P>
<H3>Quarterly Summary</H3>
<UL>
<LI>Gross margin was 45 percent
<LI>Cash, cash equivalents and marketable securities balance at the end of the quarter was $1.90 billion, approximately flat from the first quarter.
<UL>
<LI>During the quarter, AMD used $200 million to repurchase $206 million principal amount of our 6.00 percent Convertible Senior Notes due 2015. </LI></UL>
<LI>Computing Solutions segment revenue increased 4 percent sequentially and 31 percent year-over-year.  The increases were primarily driven by record notebook microprocessor and chipset unit shipments.
<UL>
<LI>Operating income was $128 million, compared with $146 million in Q1-10 and an operating loss of $67 million in Q2-09.
<LI>Microprocessor average selling price (ASP) was flat sequentially and increased year-over-year.
<LI>AMD <A href="http://www.amd.com/us/press-releases/Pages/amd-demonstrates-2010june02.aspx"><FONT color=#0000ff>demonstrated</FONT></A> the world's first Fusion Accelerated Processing Units (APU), codenamed "Ontario" and "Llano", at Computex.  Fusion APUs combine the microprocessor and graphics processor unit (GPU) onto a single piece of silicon to deliver breakthroughs in visual computing, user interface and performance-per-watt while enabling new PC designs.
<LI><A href="http://www.bestbuy.com/site/olstemplatemapper.jsp?id=pcat17080&type=page&qp=crootcategoryid%23%23-1%23%23-1~~q70726f63657373696e6774696d653a3e313930302d30312d3031~~cabcat0500000%23%230%23%2311a~~cabcat0502000%23%230%23%23o~~f551||414d44~~nf510||536f6e79&list=y&nrp=15&sc=abComputerSP&ks=960&usc=abcat0500000&sp=%2Bcurrentprice+skuid&list=y&iht=n&st=processingtime:>1900-01-01" target=_blank><FONT color=#0000ff>Sony</FONT></A> joined the ranks of global PC companies offering AMD microprocessor-based solutions.  <A href="http://bit.ly/b45OXO" target=_blank><FONT color=#0000ff>Acer</FONT></A>, <A href="http://www.dell.com/business?~ck=mn" target=_blank><FONT color=#0000ff>Dell</FONT></A>, <A href="http://bit.ly/czHszZ"><FONT color=#0000ff>HP</FONT></A>, <A href="http://bit.ly/amhAQw"><FONT color=#0000ff>Lenovo</FONT></A>, <A href="http://www.bestbuy.com/site/olstemplatemapper.jsp?id=pcat17080&type=page&qp=crootcategoryid%23%23-1%23%23-1~~q70726f63657373696e6774696d653a3e313930302d30312d3031~~cabcat0500000%23%230%23%2311a~~cabcat0502000%23%230%23%23o~~f551||414d44~~nf510||536f6e79&list=y&nrp=15&sc=abComputerSP&ks=960&usc=abcat0500000&sp=%2Bcurrentprice+skuid&list=y&iht=n&st=processingtime:>1900-01-01"><FONT color=#0000ff>Sony</FONT></A>, and <A href="http://laptops.toshiba.com/laptop-finder?PROCESSORTYPE=AMD+Turion%26%23153;+II+Dual-Core+Mobile&Ns=pRating|1" target=_blank><FONT color=#0000ff>Toshiba</FONT></A> announced new notebooks featuring <A href="http://sites.amd.com/us/vision/Pages/vision.aspx"><FONT color=#0000ff>VISION Technology from AMD</FONT></A> for the back-to-school and holiday buying periods. Global PC manufacturers have tripled the number of notebook offerings featuring VISION Technology in the last year. 
<LI>AMD launched the world's first server platform designed specifically for cloud and hyperscale data centers, featuring the industry's lowest power-per-core x86 server processor.  Acer, Dell, HP and <A href="http://www.supermicro.com/C32/" target=_blank><FONT color=#0000ff>Supermicro</FONT></A> announced plans to adopt the Opteron™ 4000 Series for their product offerings.
<LI>AMD microprocessors power the <A href="http://www.amd.com/us/press-releases/Pages/amd-opteron-top500-2010may31.aspx"><FONT color=#0000ff>highest-performing supercomputer</FONT></A> in the world and three of the top four systems in the most recent <A href="http://www.top500.org/"><FONT color=#0000ff>TOP500 Supercomputers</FONT></A> list. AMD is the only company with both microprocessor and GPU technology on the list. </LI></UL>
<LI>Graphics segment revenue increased 8 percent sequentially and 87 percent year-over-year.  The sequential increase was driven by record GPU unit shipments, partially offset by a decrease in ASP.  The year-over-year increase was driven by an increase in GPU shipments and ASP. Operating income was $33 million, compared with $47 million in Q1-10 and a loss of $17 million in Q2-09.
<LI>In just three quarters, AMD has shipped more than 16 million Microsoft DirectX 11-capable GPUs.  The ATI Radeon™ HD 5000 series remains the industry's only complete top-to-bottom family of DirectX11-compatible graphics solutions.
<LI>Dell adopted the latest <A href="http://www.amd.com/us/press-releases/Pages/amd-new-ati-firepro-2010apr25.aspx"><FONT color=#0000ff>ATI FirePro™</FONT></A> professional graphics products in its highest-performing workstations designed for graphics-intensive professions. </LI></UL>
<H3>Current Outlook</H3>
<P>AMD's outlook statements are based on current expectations.  The following statements are forward looking, and actual results could differ materially depending on market conditions and the factors set forth under "Cautionary Statement" below.<BR>AMD expects revenue to be up seasonally for the third quarter of 2010.</P>
<H3>AMD Teleconference</H3>
<P>AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its second quarter financial results.  AMD will provide a real-time audio broadcast of the teleconference on the <A href="http://phx.corporate-ir.net/phoenix.zhtml?c=74093&p=irol-irhome"><FONT color=#0000ff>Investor Relations</FONT></A> page of its Web site at <A href="http://www.amd.com/us/Pages/AMDHomePage.aspx"><FONT color=#0000ff>AMD</FONT></A>.  The webcast will be available for 10 days after the conference call.</P>
<H3 align=left>Reconciliation of GAAP Net Income (Loss) Attributable to AMD Common Stockholders to Non-GAAP Net Income <BR>(Loss) <SUP>1,3</SUP> </H3>
<P>
<TABLE class=Table_Style1 style="WIDTH: 926px" cellSpacing=0 cellPadding=0 border=0>
<COLGROUP>
<COL width=545>
<COL width=58>
<COL width=66>
<COL span=3 width=62>
<COL width=71></COLGROUP>
<THEAD></THEAD>
<TBODY>
<TR class=Table_Style1TableEvenRow height=26>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 26px">(Millions except per share amounts)</TD>
<TD class=Table_Style1TableOddCol colSpan=2><STRONG>Q2-10</STRONG></TD>
<TD class=Table_Style1TableEvenCol colSpan=2><STRONG>Q1-10</STRONG></TD>
<TD class=Table_Style1TableLastCol colSpan=2><STRONG>Q2-09</STRONG></TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px"><STRONG>GAAP net income (loss) attributable to AMD common stockholders / EPS</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$(43)</STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>$(0.06)</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$257</STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>0.35</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$(330)</STRONG></TD>
<TD class=Table_Style1TableLastCol><STRONG>(0.49)</STRONG></TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px">Net impact of GF/Foundry segment related items*</TD>
<TD class=Table_Style1TableOddCol>(120)</TD>
<TD class=Table_Style1TableEvenCol>(0.16)</TD>
<TD class=Table_Style1TableOddCol>211</TD>
<TD class=Table_Style1TableEvenCol>0.28</TD>
<TD class=Table_Style1TableOddCol>(177)</TD>
<TD class=Table_Style1TableLastCol>$(0.27)</TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Net (income) loss attributable to noncontrolling interest</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableOddCol>-</TD>
<TD class=Table_Style1TableEvenCol>-</TD>
<TD class=Table_Style1TableOddCol>25</TD>
<TD class=Table_Style1TableLastCol>$0.04 </TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Class B preferred accretion</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableOddCol>-</TD>
<TD class=Table_Style1TableEvenCol>-</TD>
<TD class=Table_Style1TableOddCol>(20)</TD>
<TD class=Table_Style1TableLastCol>$(0.03)</TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px"><STRONG>Non-GAAP net income (loss) excluding GF/Foundry segment related items</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>77</STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>0.11</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>46 </STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>0.06 </STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>(158)</STRONG></TD>
<TD class=Table_Style1TableLastCol><STRONG>(0.24)</STRONG></TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px">Gross margin benefit from sales of inventory written down in Q4-08</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableOddCol>98 </TD>
<TD class=Table_Style1TableLastCol>$0.15 </TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Amortization of acquired intangible assets</TD>
<TD class=Table_Style1TableOddCol>(17)</TD>
<TD class=Table_Style1TableEvenCol>(0.02)</TD>
<TD class=Table_Style1TableOddCol>(17)</TD>
<TD class=Table_Style1TableEvenCol>(0.02)</TD>
<TD class=Table_Style1TableOddCol>(17)</TD>
<TD class=Table_Style1TableLastCol>$(0.03)</TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Restructuring (charges) reversals</TD>
<TD class=Table_Style1TableOddCol>4</TD>
<TD class=Table_Style1TableEvenCol>0.01</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableOddCol>(1)</TD>
<TD class=Table_Style1TableLastCol>-</TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Gain investment sale</TD>
<TD class=Table_Style1TableOddCol>7</TD>
<TD class=Table_Style1TableEvenCol>0.01</TD>
<TD class=Table_Style1TableOddCol>-</TD>
<TD class=Table_Style1TableEvenCol>-</TD>
<TD class=Table_Style1TableOddCol>-</TD>
<TD class=Table_Style1TableLastCol>-</TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Gain (loss) on debt redemtion</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableOddCol>6</TD>
<TD class=Table_Style1TableLastCol>$0.01</TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px"><STRONG>Non-GAAP net income (loss)/Earnings (loss) per share</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$83 </STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>0.11 </STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$63 </STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>0.09 </STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$(244)</STRONG></TD>
<TD class=Table_Style1TableLastCol><STRONG>$(0.37)</STRONG></TD></TR>
<TR class=Table_Style1TableFooterRow height=40>
<TD class=Table_Style1TableFooterFirstCol style="WIDTH: 926px; HEIGHT: 40px" colSpan=7>
<P><SUP></SUP></P>
<P><SUP>* Q2-10 consists of $120 million equity loss related to GF.  Q1-10 consists of $69M gross margin benefit related to the deconsolidation of GF in Q1-10, a $325 million gain on the fair value assessment of our investment in GF, and $183 million equity loss related to GF. Q2-09 consists of the Foundry segment and Intersegment Eliminations loss.</SUP></P></TD></TR></TBODY></TABLE></P>
<H3></H3>
<H3></H3>
<H3></H3>
<H3>Reconciliation of GAAP to Non-GAAP Operating Income (Loss) <SUP>1,3</SUP></H3>
<P>
<TABLE class=Table_Style1 style="WIDTH: 731px" cellSpacing=0 cellPadding=0 border=0>
<COLGROUP>
<COL width=545>
<COL width=58>
<COL width=66>
<COL width=62></COLGROUP>
<THEAD></THEAD>
<TBODY>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px">(Millions)</TD>
<TD class=Table_Style1TableOddCol><STRONG>Q2-10</STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>Q1-10</STRONG></TD>
<TD class=Table_Style1TableLastCol><STRONG>Q2-09</STRONG></TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px"><STRONG>GAAP operating income (loss)</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$125 </STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>$182 </STRONG></TD>
<TD class=Table_Style1TableLastCol><STRONG>$(249)</STRONG></TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px">Gross margin benefit due to the deconsolidation of GF</TD>
<TD class=Table_Style1TableOddCol>-</TD>
<TD class=Table_Style1TableEvenCol>69</TD>
<TD class=Table_Style1TableLastCol>- </TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px">Gross margin benefit from sales of inventory written down in Q4-08</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableLastCol>98</TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Amortization of acquired intangible assets</TD>
<TD class=Table_Style1TableOddCol>(17)</TD>
<TD class=Table_Style1TableEvenCol>(17)</TD>
<TD class=Table_Style1TableLastCol>(17)</TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Restructuring (charges) reversals</TD>
<TD class=Table_Style1TableOddCol>4 </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableLastCol>(1)</TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Operating income (loss) from Foundry segment and Intersegment Eliminations</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>-</TD>
<TD class=Table_Style1TableLastCol>(124)</TD></TR>
<TR class=Table_Style1TableFooterRow height=19>
<TD class=Table_Style1TableFooterFirstCol style="WIDTH: 545px; HEIGHT: 19px"><STRONG>Non-GAAP operating income (loss)</STRONG></TD>
<TD class=Table_Style1TableFooterOddCol><STRONG>$138 </STRONG></TD>
<TD class=Table_Style1TableFooterEvenCol><STRONG>$130</STRONG></TD>
<TD class=Table_Style1TableFooterLastCol><STRONG>$(205)</STRONG></TD></TR></TBODY></TABLE></P>
<H3>Reconciliation of GAAP to Non-GAAP Gross Margin <SUP>1,3</SUP></H3>
<P>
<TABLE class=Table_Style1 style="WIDTH: 731px" cellSpacing=0 cellPadding=0 border=0>
<COLGROUP>
<COL width=545>
<COL width=58>
<COL width=66>
<COL width=62></COLGROUP>
<THEAD></THEAD>
<TBODY>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px">(Millions, except percentages)</TD>
<TD class=Table_Style1TableOddCol><STRONG>Q2-10</STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>Q1-10</STRONG></TD>
<TD class=Table_Style1TableLastCol><STRONG>Q2-09</STRONG></TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px"><STRONG>GAAP Gross Margin</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$738 </STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>$741 </STRONG></TD>
<TD class=Table_Style1TableLastCol><STRONG>$441 </STRONG></TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px"><STRONG>GAAP Gross Margin %</STRONG></TD>
<TD class=Table_Style1TableOddCol align=right><STRONG>45%</STRONG></TD>
<TD class=Table_Style1TableEvenCol align=right><STRONG>47%</STRONG></TD>
<TD class=Table_Style1TableLastCol align=right><STRONG>37%</STRONG></TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px">Gross margin benefit due to the deconsolidation of GF</TD>
<TD class=Table_Style1TableOddCol>-</TD>
<TD class=Table_Style1TableEvenCol>69</TD>
<TD class=Table_Style1TableLastCol>- </TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px">Gross margin benefit from sales of inventory written down in Q4-08</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableLastCol>98</TD></TR>
<TR class=Table_Style1TableEvenRow height=19>
<TD class=Table_Style1TableFirstCol style="WIDTH: 545px; HEIGHT: 19px">Gross margin from Foundry segment and Intersegment Eliminations</TD>
<TD class=Table_Style1TableOddCol>- </TD>
<TD class=Table_Style1TableEvenCol>- </TD>
<TD class=Table_Style1TableLastCol>20 </TD></TR>
<TR class=Table_Style1TableOddRow height=19>
<TD class=Table_Style1TableFirstCol style="HEIGHT: 19px"><STRONG>Non-GAAP Gross Margin</STRONG></TD>
<TD class=Table_Style1TableOddCol><STRONG>$738 </STRONG></TD>
<TD class=Table_Style1TableEvenCol><STRONG>$672 </STRONG></TD>
<TD class=Table_Style1TableLastCol><STRONG>$323 </STRONG></TD></TR>
<TR class=Table_Style1TableFooterRow height=19>
<TD class=Table_Style1TableFooterFirstCol style="HEIGHT: 19px"><STRONG>Non-GAAP Gross Margin %</STRONG></TD>
<TD class=Table_Style1TableFooterOddCol align=right><STRONG>45%</STRONG></TD>
<TD class=Table_Style1TableFooterEvenCol align=right><STRONG>43%</STRONG></TD>
<TD class=Table_Style1TableFooterLastCol align=right><STRONG>27%</STRONG></TD></TR></TBODY></TABLE></P>
<UL></UL>
<DIV class=smallText style="PADDING-BOTTOM: 22px">
<OL>
<LI>In this press release, in addition to GAAP financial results, the Company has provided non-GAAP financial measures, including for non-GAAP net income (loss) excluding GF/Foundry segment related items, non-GAAP net income (loss), non-GAAP operating income (loss), non-GAAP earnings per share and non-GAAP gross margin.  These non-GAAP financial measures reflect certain adjustments as presented in the tables in this press release.  The Company also provided Adjusted EBITDA and non-GAAP Adjusted free cash flow as supplemental measures of its performance. These items are defined in the footnotes to the selected corporate data tables provided at the end of this press release.  The Company is providing these financial measures because it believes this non-GAAP presentation makes it easier for investors to compare current and historical periods operating results and also because the Company believes it assists investors in comparing the Company's performance across reporting period on a consistent basis by excluding items that it does not believe are indicative of its core operating performance and for the other reasons described in the footnotes to the selected data tables.
<LI>Starting in the first quarter of 2010 the Company accounted for its investment in GLOBALFOUNDRIES (GF) under the equity method of accounting.
<LI>Refer to corresponding tables at the end of this press release for additional AMD data. </LI></OL></DIV>