AMD loses nearly $200 million for Q3 2015
AMD continues its downward spiral as the fabless manufacturer bleeds more money into the third quarter of 2015. Compared to Q3 2014 where the company announced a profit of $17 million, Q3 2015 saw a net loss of $197 million instead. The operating loss is estimated to be $158 million compared to an operating profit of $64 million a year earlier.
Revenues have shrunken significantly from $1.43 billion in Q3 2014 compared to $1.06 billion in Q3 2015. Though this is an improvement compared to Q2 2015, AMD is still finding itself deep in the red.
We can see how major sectors performed this past quarter by breaking down the total revenue. PC and GPU sales declined from 781 million in Q3 2014 to $424 million in Q3 2015. Meanwhile, operating losses have increased dramatically from $17 million to $181 million during the same time frame. The Enterprise sector consisting of embedded and semi-custom SoCs saw $637 million in net sales and an operating profit of $84 million.
AMD also announced a joint venture with Chinese company Nantong Fujitsu Microelectronics (NFME) alongside its financial results. NFME will take over 85 percent of the testing and manufacturing facilities in Malaysia (Penang) and China (Suzhou) for a total of $371 million.
The manufacturer's most recent innovation is the R9 Nano designed to fit in HTPCs with greater power than the Radeon R9 Fury.