Advanced Micro Devices (NYSE: AMD) reported earnings on Oct. 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 29 (Q3), Advanced Micro Devices met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share contracted to a loss.

Margins dropped across the board.

Revenue details
Advanced Micro Devices notched revenue of $1.27 billion. The 24 analysts polled by S&P Capital IQ hoped for revenue of $1.27 billion on the same basis. GAAP reported sales were 25% lower than the prior-year quarter's $1.69 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.20. The 28 earnings estimates compiled by S&P Capital IQ averaged -$0.16 per share. GAAP EPS were -$0.21 for Q3 versus $0.13 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 30.9%, 1,380 basis points worse than the prior-year quarter. Operating margin was -10.1%, 1,830 basis points worse than the prior-year quarter. Net margin was -12.4%, 1,810 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.30 billion. On the bottom line, the average EPS estimate is -$0.04.

Next year's average estimate for revenue is $5.57 billion. The average EPS estimate is $0.01.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,076 members out of 3,749 rating the stock outperform, and 673 members rating it underperform. Among 593 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 435 give Advanced Micro Devices a green thumbs-up, and 158 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Micro Devices is hold, with an average price target of $4.74.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.