AMD has published its Q3 2016 financial report, beating earlier expectations with a record quarter ending with US $1.3 billion revenue.

While this is a record quarter for AMD, it still reported a net loss of US $406 million, mostly due to the recent agreement with Globalfoundries, with US $304 million charge related to that same supply agreement as well as a US $61 million loss on debt redemption.

The operating loss was up to US $293 million, compared to US $8 million in the last quarter.

Despite the big net loss, AMD's President and CEO Dr Lisa Su comment was quite optimistic suggesting that the company showed progress across its businesses and expecting to deliver higher 2016 annual revenue based on strong demand for both semi-custom chips as well as its new Polaris GPU architecture.

The biggest winner in AMD was the Computing and Graphics segment, reporting a revenue of US $472 million, which is a 9 percent increase compared to the last quarter and 11 percent increase compared to the last year.

The Enterprise business segment was also up due to high sales of semi-custom chips, reporting a revenue of US $835 million or a 41 percent increase compared to the last quarter and 31 percent increase compared to the same quarter last year.

AMD is certainly doing better it appears that this year will be good for the company. If the AMD Zen CPU architecture be as good as AMD hopes and if Vega GPU architecture does not miss its schedule, AMD should be looking to a rather prosperous next year as well.



Source: AMD.com.