An apparatus and method for performing dual concurrent multiplications, subtraction/addition, and accumulation of packed data elements. For example one embodiment of a processor comprises: a decoder to decode an instruction to generate a decoded instruction; a first source register to store first and second packed data elements; a second source register to store third and fourth packed data elements; execution circuitry to execute the decoded instruction, the execution circuitry comprising: multiplier circuitry to multiply the first and third packed data elements to generate a first temporary product and to concurrently multiply the second and fourth packed data elements to generate a second temporary product, the first through fourth packed data elements all being a first width; circuitry to negate the first temporary product to generate a negated first product; adder circuitry to add the first negated product to a first accumulated packed data element from a third source register to generate a first result, the first result being a second width which is at least twice as large as the first width; the adder circuitry to concurrently add the second temporary product to a second accumulated packed data element to generate a second result of the second width; the first and second results to be stored in specified first and second data element positions within a destination register.