AMD reports net loss of $590 million for Q1 2012

We're not sure about you, but we wouldn't call losing over half a billion dollars, "solid results." Still, we're not 100 percent ready to rain on AMD's parade yet. The non-GAAP results (which disregard a pile of one-time charges and investments) turn the $590 million loss into a $92 million profit. Though, the GAAP results do make two straight quarters of losses and revenue clearly continued to decline -- falling to $1.59 billion. That's down six percent from last quarter and two percent from the same time period last year. Revenue from the graphics division held steady from last quarter, though, it's down seven percent year-over-year.


Via engadget.com