Advanced Micro Devices Inc AMD
Q2 2013 Earnings Call Transcript

Transcript Call Date 07/18/2013

Operator: Good afternoon. My name is Huey and I'll be your conference operator for today. At this time, I would like to welcome everyone to AMD's Second Quarter 2013 Earnings Conference Call. All lines have been placed on a listen-only mode at this time. After the speakers' remarks, you'll be invited to participate in the question-and-answer session. As a reminder, this conference is being recorded today.

I'd now like to turn the conference over to Ms. Ruth Cotter, Vice President of Investor Relations for AMD. Please go ahead.

Ruth Cotter - IR: Thank you, and welcome to AMD's second quarter earnings conference call. By now, you should have had the opportunity to review a copy of our earnings release and the CFO commentary and slides. If you have not reviewed these documents, they can be found on AMD's website at

Our participants on today's call are Rory Read, our President and Chief Executive Officer; Devinder Kumar, our Senior Vice President and Chief Financial Officer; and in addition, we have Lisa Su, our Senior Vice President and General Manager of Global Business Units who will participate in the question-and-answer session. This is a live call and will be replayed via webcast on

Before we start, I'd like to highlight a few dates of interest for you. Matt Skinner, our Corporate Vice President and General Manager of our Graphics business unit, will attend the Jefferies Semiconductor and Hardware Summit in Chicago on August 28. Lisa will present at Citi's Global Technology Conference on September 4 in New York. Our third quarter quiet time will begin at the close of business on Friday, September 13. And lastly, we intend to announce our third quarter earnings on October 17, and dial-in information for that call will be provided in mid-September.

Please note we renamed our Graphics segment to Graphics and Visual Solutions. This better reflects the growing importance of gaming and semi-custom offerings to AMD. In addition, please note that non-GAAP financial measures referenced during this call are reconciled to their most directly comparable GAAP financial measures in the release and CFO commentary posted on our website at

Before we begin, let me please remind everyone that today's discussion contains forward-looking statements based on the environment as we currently see it. Those statements are based on current beliefs, assumptions and expectations, speak only as of the current date, and as such, involve risks and uncertainties that could cause actual results to differ materially from our current expectations. You can refer to the cautionary statement in our press release for more information. You will also find detailed discussion about our risk factors in our filings with the SEC, and in particular, AMD's quarterly report on Form 10-Q for the quarter ended March 30, 2013.

Now, with that, I'd like to hand the call over to Rory. Rory?

Rory Read - President and CEO: Thank you, Ruth. We are making progress on our three-step strategy to restructure, accelerate, and ultimately transform AMD for growth. This progress allowed us to deliver improved results in the second quarter.

Read our Earnings Call Transcript disclaimer.
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