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Advanced Micro Devices Inc (AMD.PH)

AMD.PH on Philadelphia Stock Exchange

8.52USD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Advanced Micro Devices gives Q3 2015 revenue guidance
Thursday, 16 Jul 2015 04:15pm EDT 

Advanced Micro Devices:Expects Q3 2015 revenue to increase 6 percent, plus or minus 3 percent, sequentially.Reported revenue of $942 mln in Q2 2015.Q3 2015 revenue of $1.05 billion - Thomson Reuters I/B/E/S.  Full Article

Advanced Micro Devices lowers Q2 2015 revenue guidance
Monday, 6 Jul 2015 04:15pm EDT 

Advanced Micro Devices Inc:Says revenue for Q2 2015 is expected to be lower than previously guided.Expects Q2 2015 revenue to decrease about 8 pct sequentially, compared to previous guidance of down 3 pct, plus or minus 3 pct.Sequential decrease is primarily due to weaker than expected consumer PC demand impacting company's Original Equipment Manufacturer (OEM) APU sales.  Full Article

Advanced Micro Devices gives Q2 2015 revenue guidance below analysts' estimates
Thursday, 16 Apr 2015 04:15pm EDT 

Advanced Micro Devices:Expects Q2 2015 revenue to decrease 3 percent, plus or minus 3 percent, sequentially.Reported revenue of $1.03 billion in Q1 2015.Q2 2015 revenue of $1.13 billion - Thomson Reuters I/B/E/S.  Full Article

Advanced Micro Devices must face securities fraud lawsuit - Reuters
Wednesday, 1 Apr 2015 03:20pm EDT 

Advanced Micro Devices (AMD):Must face claims that it committed securities fraud by hiding problems with the 2011 launch of a new computer processor that eventually led to a $100 mln writedown, a federal judge in Oakland, California, ruled - Reuters.U.S. District Judge said plaintiffs have supported their claims that AMD officials misled them by stating in the spring of 2011 that problems with the new processor were in the past.Lawsuit filed last year accused AMD of artificially inflating its share price by making false statements about Llano, which it had touted as 'the most impressive processor in history.Originally set for product launch in Q4 2010, sales of the Llano were delayed because of problems at AMD's chip plant.AMD officials continued to state - there were no problems with supply, concealing the fact that it was only shipping Llanos to top-tier computer manufacturers because of supply constraints.By the time AMD was ready to ramp up shipments in late 2011, demand had dwindled, leading to an inventory glut.AMD eventually disclosed in Oct. 2012 it was writing down $100 mln of Llano inventory as not salable.AMD's shares fell nearly 74 pct from a peak of $8.35 in March 2012 to a low of $2.18 in Oct. 2012 when market learned the extent of problems with Llano launch.The lawsuit seeks damages on behalf of the Arkansas Teacher Retirement System, KBC Group's KBC Asset Management and other investors who bought AMD's shares between April 2011 and Oct 2012.  Full Article

Advanced Micro Devices gives Q1 2015 revenue guidance below analysts' estimates
Tuesday, 20 Jan 2015 04:15pm EST 

Advanced Micro Devices:Expects Q1 2015 revenue to decrease 15 percent, plus or minus 3 percent, sequentially.Reported revenue of $1.24 billion in Q4 2014.Q1 2015 revenue of $1.20 billion - Thomson Reuters I/B/E/S.  Full Article

AMD revenue beats on demand for chips used in gaming consoles

Chipmaker Advanced Micro Devices Inc reported a better-than-expected 23.2 percent increase in quarterly revenue, helped by higher demand for graphics chips used in gaming consoles.