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AMD Reports Q4 FY 2014 And Full Year Results

Dave2150

Dave2150

Dave2150

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http://www.anandtech.com/show/8913/amd-reports-q4-fy-2014-and-full-year-results

Earnings per share based on GAAP results was a loss of $0.47 per share. Compared to Q3, revenue dropped 13%, and year-over-year the drop was 22%. Operating income dropped $393 million from Q3 (623% decrease) and is well down from the Q4 2013 value of $135 million with a posted operating loss this quarter of $330 million. Net income fell from $17 million last quarter and $89 million last year to a $364 million loss, which is a pretty substantial change.
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Doubt AMD can keep this up much longer. It's looking more unlikely that they'll last long enough to even finish working on ZEN.

I wonder if Intel will buy out AMD? Imagine Intel CPU's with ATI IGPU performance! Would surely put a huge dent in NVIDIA also - imagine what ATI could produce with Intel's resources, GPU wise!
 
Dave2150 said:
http://www.anandtech.com/show/8913/amd-reports-q4-fy-2014-and-full-year-results


** No hotlinked images **
http://images.anandtech.com/doci/8913/Carousel_678x452.png

Doubt AMD can keep this up much longer. It's looking more unlikely that they'll last long enough to even finish working on ZEN.

I wonder if Intel will buy out AMD? Imagine Intel CPU's with ATI IGPU performance! Would surely put a huge dent in NVIDIA also - imagine what ATI could produce with Intel's resources, GPU wise!
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AMD made a cash profit for the year while paying off debt(well the interest).

In the recent results $58mil was written off value of inventory.. IE you have what you hope is say $100mil of chips to sell but due to current cost and simple things like currency prices, this can change. Drop in price on ahte 290x and every chip in stock suddenly loses value. They didn't physically lose $58million, but there will be $58million less profit in the future.

Likewise the $233mil impairment charge isn't a 'loss' but a reduction in the value of the company, it happens.

In terms of non gaap accounts... which is to some degree the books which say we spent this much in real money this year, and we received this much in real cash a year, and the difference is either a profit or a loss, AMD made a marginal profit WHILE paying off $46mil in interest a quarter. Without the debt they would have posted effective $250-300mil in actual cash profit for the year. So in terms of making products which costs money to manufacture and ship, and R&D spending(mostly wages of the guys doing things), the wages for everyone in the company vs the money they bring in from sales they are bringing in more money than they are spending for absolutely certain, the debt repayments then eat a huge portion of that currently and the other charges are relevant if you want to invest but not when considering if the company is making real cash loses and having real debt increasing.

If AMD can actually make a marginal cash profit during their absolute worst period(cpu lines aren't very competitive and without any kind of refresh in the pure CPU line up in a couple years really and 28nm delaying all new gpu products by a long time), that is doing pretty damn well. With more competitive cpus, with increasing professional graphics market share, with 2 more already confirmed and to start generating profit semi custom deals to increase both profits and revenue from I believe about mid 2015 they can really only increase profits compared to where they are at now. Long term they are looking very healthy, currently when you read through the investor bullcrap... they increased the amount of cash they had.
 
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Orcvader said:
Looks like they announced 14nm chips in the works: http://www.kitguru.net/components/g...-we-are-actively-designing-14nm-finfet-chips/

Could all these announcements be trying to get investors interested?

I'm sure they will still have enough to stay alive, otherwise Intel will have total control over the x86 CPU space with no competition.
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Could be argued they already have total control of it. At least they will do once Broadwell/Skylake get released later this year. Intel's mid/low range will very likely outperform AMD's highest FX CPU - causing AMD to further lower prices to point that they wouldn't make any profit, on the 32nm large dies they are stuck on.
 
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Th0nt said:
Why would you want AMD to go under?

This is senseless from a consumer pov. Disappointed but then again some things never change! :)
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They would be bought out by a rival if they would ever go down. I just hope ATI will end up in good hands, since I'd hate NVIDIA to have the GPU market to themselves, just like Intel have the CPU market to themselves now.
 
Dave2150 said:
They would be bought out by a rival if they would ever go down. I just hope ATI will end up in good hands, since I'd hate NVIDIA to have the GPU market to themselves, just like Intel have the CPU market to themselves now.
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I can't really see them going "down", and I wouldn't want them to either.
But I agree, they'd just get bought out.
 
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