Advanced Micro Devices, Inc. reported earnings results for the fourth quarter and year ended December 26, 2015. For the quarter, the company reported net revenue of $958 million compared to $1,239 million a year ago. Operating loss was $49 million compared to $330 million a year ago. Loss before income t ax was $92 million compared to $367 million a year ago. Net loss was $102 million compared to $364 million a year ago. Basic and diluted net loss per share was $0.13 compared to $0.47 a year ago. Net cash provided by operating activities was $53 million compared to $116 million a year ago. Purchases of property, plant and equipment was $32 million compared to $22 million a year ago. Adjusted LBITDA was $5 million compared to adjusted EBITDA of $96 million a year ago. Non-gaap free cash flow was $21 million compared to $94 million a year ago. Non-GAAP operating loss was $39 million compared to Non-GAAP operating loss of $52 million a year ago. Non-GAAP net loss was $79 million or $0.10 per share compared to Non-GAAP operating income of $18 million or $0.02 per share a year ago.

For the full year, the company reported net revenue of $3,991 million compared to $5,506 million a year ago. Operating loss was $481 million compared to $155 million a year ago. Loss before income t ax was $646 million compared to $398 million a year ago. Net loss was $660 million compared to $403 million a year ago. Basic and diluted net loss per share was $0.84 compared to $0.53 a year ago. Net cash used in operating activities was $237 million compared to $98 million a year ago. Purchases of property, plant and equipment was $96 million compared to $95 million a year ago. Adjusted LBITDA was $89 million compared to adjusted EBITDA of $505 million a year ago. Non-gaap free cash flow was negative at $333 million compared to $193 million a year ago. Non-GAAP operating loss was $253 million compared to Non-GAAP operating income of $316 million a year ago. Non-GAAP net loss was $419 million or $0.54 per share compared to Non-GAAP operating income of $132 million or $0.16 per share a year ago.

The company provided earnings guidance for the first quarter and full year of 2016. For the quarter, the company's revenue to decrease 14% sequentially. Gross margin expected to be approximately 32%. Non-Gaap operating expenses expected to be approximately $320 million. Interest expense, taxes and other to be expected approximately $42 million.

For the full year, the company's revenue to grow year-over-year. Non-Gaap operating expenses to be expected approximately between $320 million and $340 million per quarter. Capital expenditures expected to be of approximately $70 million. Interest expense, taxes and other expected to be approximately $45 million per quarter.