AMD Financials Still Pointing Lower
Written by Michael Larabel in AMD on 7 July 2015 at 09:57 AM EDT. 14 Comments
AMD --
AMD yesterday issued a warning over their second quarter guidance that they expect them to come in below expectations. Things aren't looking good with their stock price being down by another 16% so far this morning.

AMD's warning yesterday was that they expected their Q2 revenue to be down by 8% versus their earlier guidance of 3%. They blamed this on weak consumer PC demand that impacted their APU sales. Their non-GAAP gross margic is expected to be at 28% rather than 32%. They also said they expect a $33M charge relating to migrating several 20mm manufacturing designs over to FinFET designs likely on a 14 or 16nm process. More details via their press release.


AMD's stock price so far today has dropped 16% as of writing this article. As of writing this post they are at a support level just above $2.00 USD, which is already at a 52 week low. In fact, it appears to be a 5+ year low for the company.

Hopefully AMD will able to get the R9 Fury and R9 Fury Nano out the door in strong quantities out the door soon. Their new AMD Zen architecture also can't come soon enough for helping drive their APU/CPU sales, but that still looks to be at least one year away.
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Michael Larabel is the principal author of Phoronix.com and founded the site in 2004 with a focus on enriching the Linux hardware experience. Michael has written more than 20,000 articles covering the state of Linux hardware support, Linux performance, graphics drivers, and other topics. Michael is also the lead developer of the Phoronix Test Suite, Phoromatic, and OpenBenchmarking.org automated benchmarking software. He can be followed via Twitter or contacted via MichaelLarabel.com.

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