AMD has reported revenue of $1.64bn for the fourth quarter of 2009, an increase of 42% compared to $1.16bn for the same period last year. Revenue increased 18% sequentially.
The company posted an operating income of $1.29bn, compared to an operating loss of $1.274bn for the same period last year. In the third quarter of 2009, operating loss was $77m.
For the quarter ended December 26, 2009, net income was $1.18bn, or $1.52 per share, compared to a net loss attributable to AMD common stockholders of $1.43bn or $2.36 per share. For the third quarter of 2009, the net loss attributable to AMD common stockholders was $128m.
For the year ended December 26, 2009, AMD reported revenue of $5.403bn, compared to $5.808bn for fiscal 2008. Net income attributable to AMD common stockholders was $304m, compared to a net loss attributable to AMD common stockholders of $3.129bn last year.
Dirk Meyer, president and CEO of AMD, said: “AMD’s quarter marks another milestone in our transformation and underscores our growing momentum. We enter 2010 having completed the transition to a fabless business model, reached a historic antitrust settlement, and made significant progress strengthening our balance sheet. Our innovative strategy for designing the world’s most vivid digital experiences continues to generate demand.”
AMD expects revenue to be down seasonally for the first quarter of 2010.
