AMD Reports First Quarter Results

(Auszug aus der Pressemitteilung)

SUNNYVALE, Calif. — April 21, 2009 – AMD (NYSE:AMD) today reported

first quarter 2009 results.

For financial reporting purposes, AMD consolidates the operating results of
GLOBALFOUNDRIES Inc. in its results as of March 2, 2009 and has created the
Foundry segment as of the start of the fiscal year. References to “AMD” in this
announcement include these consolidated operating results which are reported for
GAAP purposes. “AMD Product Company” refers to AMD, excluding the operating
results of the Foundry segment and intersegment eliminations1,2.

AMD reported revenue for first quarter of 2009 of $1.177 billion. First quarter
2009 revenue was flat compared to the fourth quarter of 2008 and decreased 21
percent compared to the first quarter of 2008.

“AMD’s sequential microprocessor unit and revenue growth in difficult
economic conditions demonstrate we can grow in an environment where customers
are looking for maximum value,” said Dirk Meyer, AMD president and CEO. “We
delivered on a number of important priorities in the first quarter. We launched
GLOBALFOUNDRIES, maintained our cadence of new product and platform
introductions, and made solid progress on our restructuring activities. The result is a
more nimble AMD, capable of achieving long-term success based on our strengths
designing and integrating industry-leading computing and graphics technologies.”

In the first quarter of 2009, AMD reported a net loss attributable to AMD
common stockholders of $416 million or $0.66 per share, which includes a net
unfavorable impact of $22 million, or $0.04 per share, as described in the table
below3. AMD’s operating loss was $308 million.

In the fourth quarter of 2008, AMD had revenue from continuing operations of
$1.162 billion, a net loss of $1.437 billion and an operating loss of $1.274 billion. In
the first quarter of 2008, AMD had revenue from continuing operations of $1.487
billion, a net loss of $351 million and an operating loss of $234 million.

In the first quarter of 2009, AMD Product Company reported an adjusted non-
GAAP net loss of $189 million and an adjusted non-GAAP operating loss of $124

First quarter 2009 AMD gross margin was 43 percent, including a positive
impact of 5 percentage points due to a $64 million benefit from the sale of inventory
written down in the fourth quarter of 2008. Fourth quarter 2008 gross margin was
23 percent, including a negative impact of 20 percentage points due to a $227
million inventory write down. First quarter 2009 AMD Product Company non-GAAP
gross margin was 35 percent.

Current Outlook
AMD’s outlook statements are based on current expectations. The following
statements are forward looking, and actual results could differ materially depending
on market conditions and the factors set forth under “Cautionary Statement” below.
Considering current macroeconomic conditions, limited visibility and historical
seasonal patterns, AMD expects its Product Company revenue to be down for the
second quarter of 2009.

Additional Highlights

  • AMD completed its Asset Smart transaction with the Advanced Technology Investment
    Company (ATIC) and Mubadala Development Company of Abu Dhabi, creating
    GLOBALFOUNDRIES, a leading-edge semiconductor manufacturing company.

  • AMD unveiled the “Yukon” platform for ultrathin notebook PCs, which debuted in the
    award-winning HP Pavilion dv2 notebook that received CES “Best-of-Show” recognition
    from Laptop Magazine.

  • AMD launched “Dragon” platform technology designed for high-definition gaming,
    video processing and entertainment at an affordable price. “Dragon” systems
    powered by AMD Phenom™ II quad-core processors are available from more than 40
    AMD partners worldwide, including Dell, Alienware and HP. AMD also broadened its
    desktop product lineup with additional AMD Phenom II quad-core processors and the
    industry’s first 45nm triple-core processor.

  • AMD expanded its award-winning Mobility Radeon series of graphics processors to
    include the ATI Radeon HD 4000 series.

  • Dell, HP, IBM and Sun updated their AMD-based server offerings to take advantage
    of new Quad-Core AMD Opteron™ processors targeting both low-power and highperformance

  • As part of its strategy to further penetrate the workstation graphics market, AMD
    unveiled the ATI FirePro 2450 graphics processor targeting energy-efficient
    workstations and the ATI FirePro V7750 for high-performance workstations.

  • AMD demonstrated the AMD Fusion Render Cloud, which has been designed to use the
    power of the ATI Radeon 4800 series graphics chips to stream HD quality gaming and
    multimedia experiences to virtually any device with a web browser.

  • AMD was named to the Global 100 Most Sustainable Companies in the World and 100
    Best Corporate Citizens lists for 2009. Additionally, AMD’s Lone Star campus in Austin,
    TX achieved gold certification under the U.S. Green Building Council Leadership in
    Energy and Environmental Design (LEED) Green Building Rating System™.

1 Foundry segment includes the operating results attributable to the front end wafer manufacturing operations and related activities
as of the beginning of the first quarter of 2009, which includes the operating results of GLOBALFOUNDRIES from March 2, 2009
through March 28, 2009. Intersegment eliminations consist of revenues, cost of sales and profits on inventory between AMD Product
Company and the Foundry segment.
2 The Company is providing non-GAAP financial measures for AMD Product Company such as a statement of operations and selected
balance sheet items as reflected in the tables at the end of this press release. In addition, for AMD Product Company, the Company
is providing non-GAAP financial measures such as net income (loss), operating income (loss) and gross margin which exclude certain
adjustments as reflected in the tables in the body of this press release. AMD is providing these financial measures because it believes
it is important for investors to have visibility into AMD’s financial results excluding the Foundry segment, intersegment eliminations
and certain adjustments as reflected in the tables in this press release.
3 In this press release, in addition to GAAP financial results, the Company has provided non-GAAP financial measures for AMD net
income (loss) attributable to AMD common stockholders, operating income (loss) and gross margin. These non-GAAP financial
measures exclude certain adjustments as reflected in the tables in this press release. Management believes this non-GAAP
presentation makes it easier for investors to compare current and historical period operating results.
4 Refer to corresponding tables at the end of this press release for additional AMD and AMD Product Company data.