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SANTA CLARA, Calif. - Jan. 30, 2018 - AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2017 of $1.48 billion, operating income of $82 million and net income of $61 million or diluted earnings per share of $0.06. Non-GAAP(1) operating income was $103 million, non-GAAP(1) net income was $88 million and non-GAAP(1) diluted earnings per share was $0.08.
For fiscal 2017, the Company reported revenue of $5.33 billion, operating income of $204 million and net income of $43 million or diluted earnings per share of $0.04. Non-GAAP(1) operating income was $301 million, non-GAAP(1) net income was $179 million and non-GAAP(1) diluted earnings per share was $0.17.
You can read the full press statement here (PDF).
Update: Lisa Su's preferred remarks during the earnings call (PDF). And she reiterates AMD's previous thoughts on Meltdown and Spectre exposure.
Security is, and always has been, a fundamental focus for AMD across all our products. We are vigilant about security in both our product design and throughout the product life cycle. As new exploits arise, like we have seen with Spectre and Meltdown, we are dedicated to responding with speed and focus to keep our customers and partners informed and protected.
As a reminder, we believe Meltdown is not applicable to AMD processors. For Spectre Variant 1, we continue actively working with our ecosystem partners on mitigations, including operating system patches that have begun to roll out. We continue to believe that Variant 2 of Spectre is difficult to exploit on AMD processors, however we are deploying CPU microcode patches — in combination with OS updates ― to provide additional mitigation steps.
Longer-term, we have included changes in our future processor cores, starting with our "Zen2" design, to further address potential Spectre-like exploits.
“2017 marked a key inflection point for AMD as we re-shaped our product portfolio, delivered 25 percent annual revenue growth, expanded gross margin and achieved full-year profitability," said Dr. Lisa Su, AMD president and CEO. "We are even more excited about 2018 as we launch our next wave of high-performance products and continue to position AMD as one of the premier long-term growth companies in the technology industry.”
For Q1 2018, AMD expects revenue to be approximately $1.55 billion, plus or minus $50 million, an increase of 32 percent year-over-year, primarily driven by the strength of the ramp of new Ryzen, GPU and EPYC products.
For fiscal 2017, the Company reported revenue of $5.33 billion, operating income of $204 million and net income of $43 million or diluted earnings per share of $0.04. Non-GAAP(1) operating income was $301 million, non-GAAP(1) net income was $179 million and non-GAAP(1) diluted earnings per share was $0.17.
You can read the full press statement here (PDF).
Update: Lisa Su's preferred remarks during the earnings call (PDF). And she reiterates AMD's previous thoughts on Meltdown and Spectre exposure.
Security is, and always has been, a fundamental focus for AMD across all our products. We are vigilant about security in both our product design and throughout the product life cycle. As new exploits arise, like we have seen with Spectre and Meltdown, we are dedicated to responding with speed and focus to keep our customers and partners informed and protected.
As a reminder, we believe Meltdown is not applicable to AMD processors. For Spectre Variant 1, we continue actively working with our ecosystem partners on mitigations, including operating system patches that have begun to roll out. We continue to believe that Variant 2 of Spectre is difficult to exploit on AMD processors, however we are deploying CPU microcode patches — in combination with OS updates ― to provide additional mitigation steps.
Longer-term, we have included changes in our future processor cores, starting with our "Zen2" design, to further address potential Spectre-like exploits.
“2017 marked a key inflection point for AMD as we re-shaped our product portfolio, delivered 25 percent annual revenue growth, expanded gross margin and achieved full-year profitability," said Dr. Lisa Su, AMD president and CEO. "We are even more excited about 2018 as we launch our next wave of high-performance products and continue to position AMD as one of the premier long-term growth companies in the technology industry.”
For Q1 2018, AMD expects revenue to be approximately $1.55 billion, plus or minus $50 million, an increase of 32 percent year-over-year, primarily driven by the strength of the ramp of new Ryzen, GPU and EPYC products.
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