While its revenue was at $1.11 billion, which is about £200 million lower than in the Q3 2016 and just under $200 million higher than the same quarter last year, as well as an operating loss of US $3 million and net loss of US $51 million, or 0.06 per share, the announced financial results were still better than what analysts expected.
As it managed to beat analysts' expectations, AMD shares rose up five percent, to US $10.9.
In a statement, AMD president and CEO, Dr. Lisa Su, said that AMD expects to deliver the strongest set of high performance computing and graphics products in more than a decade. She also added that the company is returning to the high end market, a part of the market where the company has not been in years.
"We met our strategic objectives in 2016, successfully executing our product roadmaps, regaining share in key markets, strengthening our financial foundation, and delivering annual revenue growth," said Dr. Lisa Su, AMD president and CEO. "As we enter 2017, we are well positioned and on-track to deliver our strongest set of high-performance computing and graphics products in more than a decade."
During the Q4 earnings call, Dr. Lisa Su also confirmed that its Ryzen CPUs, based on Zen CPU architecture, as well as socket AM4 motherboards, are still on track, scheduled to launch in Q1 2017. This means that these should be ready before the end of March, but earlier rumors suggest that AMD could make an official launch at the GDC 2017 show, which starts on February 27th.
Dr. Su also noted that the first graphics cards based on Vega GPU architecture should ship in Q2 2017, which means anywhere between April and June, but some earlier rumors suggesting May or June. The Computex 2017 show starts on May 30th, so it could give AMD partners a chance to show off their shiny new Vega-based products, so anything is possible.
In any case, AMD will have an interesting year and hopefully, both Vega and Zen will live up to its expectations.