- AMD announced the AMD Radeon™ R7 and R9 Series graphics cards. Based on the award-winning Graphics Core Next (GCN) architecture, the AMD Radeon R7 Series graphics cards support AMD's "Mantle" technology which enables game developers to more easily harness the full capabilities of the GCN cores across both PCs and consoles(2) to offer an unmatched level of hardware optimization, revolutionary performance and image quality. AMD's newest graphics chips also include AMD TrueAudio Technology(3), the world's first fully programmable audio pipeline on a graphics card.
- Verizon announced that its high-performance public cloud with best-in-class reliability is powered by AMD's SeaMicro SM15000™ servers.
- As a part of driving the company's growth in embedded markets, AMD extended its embedded System-on-a-Chip (SoC) product portfolio with the launch of a new low-power AMD Embedded G-Series SOC for fanless designs at approximately 3-watts average power. AMD also detailed its plans to become the first and only company to offer both 64-bit ARM and x86 embedded solutions starting in 2014.
- Toshiba and HP announced new 2-in-1 PCs based on the 2013 AMD Elite Mobility APU. These innovative designs offer the full Windows 8 touch PC experience in a notebook that performs equally well as a tablet when desired.
- HP announced the new thin and light HP ZBook 14 mobile workstations that rely on AMD FirePro™ professional graphics.
- AMD selected SAPPHIRE Technology to be the exclusive global distribution partner for AMD FirePro professional graphics, driving stronger support for AMD FirePro professional graphics by delivering new distribution resources to AMD's channel ecosystem companies worldwide.
- AMD and Mixamo introduced the world's first real-time facial capture technology for the Unity game development platform, enabling developers to capture their facial expressions through standard webcams and transfer them in real time onto a 3D character.
- AMD announced senior leaders from ARM, DICE/Electronic Arts, Imagination Technologies, Mediatek USA, Oracle, Sony and Unity Technologies will keynote APU13, the company's third annual developer conference.
- Adobe announced further enhancements to its Adobe® Creative Cloud™ suite to accelerate the performance and improve the quality of its applications when running on AMD APUs and discrete GPUs.
- AMD was recognized for its excellence in corporate responsibility, making the
Dow Jones Sustainability Index for the ninth consecutive year.
Current Outlook
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.
For the fourth quarter of 2013, AMD expects revenue to increase 5 percent, plus or minus 3 percent, sequentially.
For additional details regarding AMD's results and outlook please see the CFO commentary posted at quarterlyearnings.amd.com.
AMD Teleconference
AMD will hold a conference call for the financial community at 2:30 p.m. PT (5:30 p.m. ET) today to discuss its third quarter financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its web site at www.amd.com. The webcast will be available for 12 months after the conference call.
Reconciliation of GAAP to Non-GAAP Operating Income (Loss) (1)
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(Millions) Q3-13 Q2-13 Q3-12
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GAAP operating income (loss) $ 95 $ (29) $ (131)
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Amortization of acquired intangible assets 5 4 4
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Restructuring and other special charges
(gains), net (22) 5 3
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Non-GAAP operating income (loss) $ 78 $ (20) $ (124)
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Reconciliation of GAAP to Non-GAAP Net Income (Loss)
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(Millions except per share
amounts) Q3-13 Q2-13 Q3-12
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GAAP net income (loss) /
Earnings (loss) per share $ 48 $ 0.06 $ (74) $(0.10) $ (157) $(0.21)
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Amortization of acquired
intangible assets 5 0.01 4 0.01 4 0.01
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Restructuring and other
special charges (gains),
net (22) (0.03) 5 0.01 3 -
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Non-GAAP net income (loss) /
Earnings (loss) per share $ 31 $ 0.04 $ (65) $(0.09) $ (150) $(0.20)
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