SANTA CLARA, Calif., Jan. 29, 2019 (GLOBE NEWSWIRE) --
AMD (NASDAQ:AMD) today announced revenue for fiscal year 2018 of $6.48 billion, operating income of $451 million, net income of $337 million and diluted earnings per share of $0.32. On a non-GAAP(1) basis, operating income was $633 million, net income was $514 million and diluted earnings per share was $0.46.
For the fourth quarter of 2018, the Company reported revenue of $1.42 billion, operating income of $28 million, net income of $38 million and diluted earnings per share of $0.04. On a non-GAAP(1) basis, operating income was $109 million, net income was $87 million and diluted earnings per share was $0.08.
Annual Financial Results
| GAAP | Non-GAAP | |||||||||||||
| 2018 | 2017 | Y/Y | 2018 | 2017 | Y/Y | |||||||||
| Revenue ($B) | $6.48 | $5.25 | Up 23% | $6.48 | $5.25 | Up 23% | ||||||||
| Gross margin | 38% | 34% | Up 4 pp | 39% | 34% | Up 5 pp | ||||||||
| Operating expense ($M) | $1,996 | $1,712 | Up $284 | $1,863 | $1,617 | Up $246 | ||||||||
| Operating income ($M) | $451 | $127 | Up $324 | $633 | $224 | Up $409 | ||||||||
| Net income (loss) ($M) | $337 | $(33) | Up $370 | $514 | $103 | Up $411 | ||||||||
| Earnings (loss) per share | $0.32 | $(0.03) | Up $0.35 | $0.46 | $0.10 | Up $0.36 | ||||||||
GAAP Quarterly Financial Results
| Q4 2018 | Q4 2017 | Y/Y | Q3 2018 | Q/Q | |||||||
| Revenue ($B) | $1.42 | $1.34 | Up 6% | $1.65 | Down 14% | ||||||
| Gross margin | 38% | 34% | Up 4 pp | 40% | Down 2 pp | ||||||
| Operating expense ($M) | $509 | $454 | Up $55 | $511 | Down $2 | ||||||
| Operating income (loss) ($M) | $28 | $(2) | Up $30 | $150 | Down $122 | ||||||
| Net income (loss) ($M) | $38 | $(19) | Up $57 | $102 | Down $64 | ||||||
| Earnings (loss) per share | $0.04 | $(0.02) | Up $0.06 | $0.09 | Down $0.05 | ||||||
Non-GAAP <
