AMD's Q3 ended on September 26
and analysts expected the company to post a loss of about 42 cents
per share with revenue of $1.26 billion. AMD surprised analysts by
posting a smaller loss than expected. AMD posted a loss of $128
million or 18 cents per share on $1.39 million in revenue.
CEO Dirk Meyer also said
during a conference call to present the Q3 results that he
expects consumers to start buying PCs again in Q4 and that businesses
are expected to start refreshing their machines as well. Meyer said,
"We are seeing continued recovery in both Europe and North
America. It also appears that the commercial IT market is positioned
to improve next year."
Meyer also said that AMD is
continuing to cut costs and shift its manufacturing process to 45nm
parts, which can be built for much lower cost.
expecting a strong Q4 with Windows 7 debuting and several new laptop
platforms aimed at consumers. The new AMD platforms include Tigris
for the mainstream notebook market and Congo for the thin and
light market. AMD also expects good things from its new ATI HD 5000
series video cards that offer support for DirectX 11 at low entry
AMD is also expecting a larger corporate refresh for
computers and servers in early 2010, so it is positive overall on the
outlook for the company. The chipmaker expects its new six-core
Opteron parts to be popular in the server market.
"We are well-positioned relative to the extent that [the]
commercial IT sector regains strength."
AMD rival Intel posted
Q3 numbers earlier this week to the tune of $1.9 billion in
profit on $9.39 billion in revenue.