On Tuesday, Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), lost -3.18% to $2.13.
On July 16, Advanced Micro Devices declared revenue for the second quarter of 2015 of $942 million, operating loss of $137 million, and net loss of $181 million, or $0.23 per share. Non-GAAP(1) operating loss was $87 million and non-GAAP(1) net loss was $131 million, or $0.17 per share.
Q2 2015 Results
- Revenue of $942 million, down 8 percent sequentially and 35 percent year-over-year. The sequential decrease was primarily due to weaker than predictable consumer PC demand impacting the company’s Original Equipment Manufacturer (OEM) APU sales. The year-over-year decline was primarily due to reduced sales across client and graphics product lines.
- Gross margin of 25 percent, down 7 percentage points sequentially, primarily due to a higher mix of Enterprise, Embedded and Semi-Custom segment sales, lower than anticipated Computing and Graphics segment APU unit volumes, and a charge of about $33 million associated with a technology node transition from 20 nanometer (nm) to FinFET. Non-GAAP(1) gross margin, not taking into account the impact of the $33 million charge was 28 percent.
For more than 45 years, AMD has driven innovation in high-performance computing, graphics, and visualization technologies — the building blocks for gaming, immersive platforms, and the datacenter. Hundreds of millions of consumers, leading Fortune 500 businesses, and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work, and play.
Shares of Microchip Technology Inc. (NASDAQ:MCHP), inclined 0.01% to $42.79, during its last trading session.
Microchip Technology Incorporated and Micrel, Incorporated (MCRL) declared that Microchip has accomplished its formerly declared acquisition of Micrel. Shareholders of Micrel overwhelmingly approved the merger with 98.95% of the Micrel shares that voted in favor of the merger.
Under the terms of the merger agreement, Micrel shareholders were able to elect to receive the $14.00 per share purchase price in either cash or shares of Microchip common stock. Based on the results of the shareholder elections, Microchip will pay an aggregate of about $430 million in cash and issue an aggregate of 8,626,795 shares of its common stock to Micrel shareholders. The number of shares of Microchip common stock that a Micrel shareholder will receive is based on a conversion ratio of $14.00 divided by the average of the Microchip closing stock price for the ten most recent trading days ending on the second to last trading day preceding to August 3, 2015, which is $42.888 per share.
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.
Finally, Superior Energy Services, Inc. (NYSE:SPN), ended its last trade with -0.06% loss, and closed at $16.65.
Superior Energy Services declared that its Board of Directors has declared a regular cash dividend of $0.08 per share payable on its outstanding common stock. The dividend will be paid on August 20, 2015 to all shareholders of record as of the close of business on July 30, 2015.
Superior Energy Services, Inc. provides specialized oilfield services and equipment to oil and gas companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions.
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