AMD reports sales slump and $660 million USD loss for Q4 2015
AMD has released its financial results for Q4 2015 to reveal a slew of losses and slumps. Compared to 2014, sales for all of 2015 were down to $3.99 billion USD from $5.51 billion USD. AMD simultaneously reported an operating loss of $481 million USD and a net loss from $403 million USD a year earlier to $660 million USD.
The quarterly figures show sales of $958 million USD for Q4 2015 compared to $1.24 billion USD in Q4 2014. Operating loss and net loss, however, improved from $330 million to just $49 million and $364 million to $102 million, respectively. AMD is expecting Q1 2016 to bring about yet another overall drop in sales by 14 percent.
The poor results can be largely attributed to the slow sales of AMD's Computing and Graphics sector, which is the company's core consumer business dealing with APUs, CPUs, and GPUs. Sales fell by 42 percent to $1.805 billion USD from $3.132 billion USD with operating losses rising from $76 million to $502 million.
On the business and enterprise side that includes the semi-custom chips on the Playstation 4 and Xbox One, sales have declined by just 8 percent compared to 2014 with operating profits falling from 399 million USD to 215 million. The upcoming and promising Polaris GPUs should give AMD the boost it needs for better results come late 2016.