AMD Announces Financial Results For Q4 2009

February 8, 2010 by Sanjay

Sunnyvale, California-headquartered Advanced Micro Devices Inc has announced the financial results for Q4 2009, for the period ending December 26, 2009.

The company has posted revenue of USD 1.646 billion, which is more than 118% over Q3 2009 and more than 142% over Q4 2008. Net income has been reported to be USD 1.178 billion, which amounts to USD 1.52 per share. This compares very favorably with the net loss of USD 128 million suffered by the company in Q3 2009, and a net loss of USD 1.436 billion in Q4 2008. The company has stated that the net income includes a net favorable impact of USD 1.224 billion, caused by the legal settlement entered into with rival Intel.

For the entire financial year of 2009, the company has posted revenue of USD 5.403 billion. Net income reported has been USD 304 million. This compares favorably with the net loss incurred by the company of USD 3.129 billion in the financial year 2008, against revenue of USD 5.808 billion.

The highlight of the quarter gone by has of course been the payment received by AMD to Intel as a result of the former agreeing to drop all charges against the rival in the courts of law around the world.