=Advanced Micro (AMD) reported 4Q earnings on Tue 19 Jan 2016 (a/h)

** charts before earnings **



** charts after earnings **

Advanced Micro reports EPS in-line, revs in-line; guides Q1 revs below consensus :

• Reports Q4 (Dec) loss of $0.10 per share, in-line with the Capital IQ Consensus of ($0.10); revenues fell 22.7% year/year to $958 mln vs the $954.71 mln Capital IQ Consensus, primarily due to lower client processor sales; down 10% QoQ primarily driven by seasonally lower sales of semi-custom SoCs. 
  • Non-GAAP gross margin of 28%, down 7 percentage points year-over-year, primarily due to lower unit volumes and product mix.
• Co issues downside guidance for Q1, sees Q1 revs -17% to -11% QoQ ~$795-853 mln vs. $898.48 mln Capital IQ Consensus Estimate. 
• "AMD closed 2015 with solid execution fueled by the second straight quarter of double-digit percentage revenue growth in our Computing and Graphics segment and record annual semi-custom unit shipments."