Print 92 comment(s) - last by Targon.. on Jul 31 at 4:24 PM

Robert J. Rivet, AMD Executive Vice President and Chief Financial Officer  (Source: AMD)
Just a day after Intel's Q2 performance report, it's now AMD's turn

Yesterday, DailyTech reported on Intel's Q2 earnings. The company posted Q2 revenue of $8.7 billion USD, operating income of $1.35 billion USD and net income of $1.3 billion USD.

Today, it's archrival AMD's turn with regards to financial performance for the quarter. AMD recorded revenue of $1.378 billion USD, an operating list of $457 million USD and a net loss of $600 million USD.

This compares with revenue of $1.216 billion USD and operating income of $102 million USD for Q2 2006.

"While we made solid progress in the second quarter across a number of fronts, we must improve our financial results," said AMD CFO Robert J. Rivet. "We achieved a 12 percent sequential revenue increase, improved the gross margin and won back microprocessor unit and revenue market share."

AMD appears to have worked out problems that it had in late 2006 with OEM/channel processor distribution and attributes 38 percent sequential increase in microprocessor unit shipments to orders from Toshiba, an increased adoption of AMD-based platforms and strong initial sales of the ATI Radeon HD 2000 graphics family.

"We continue to focus on realigning our business model and reducing our capital expenditures and cost structure in the second half of the year," said Rivet.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: Encouraging
By KristopherKubicki on 7/19/2007 5:59:16 PM , Rating: 4
Q2 is traditionally the weakest quarter for the semiconductor industry.

Often -- though I'm not saying AMD did this -- when the higher ups know a quarter is a financial disaster, the company will go through large pains to pad as much of the next quarter's losses into the current quarter.

RE: Encouraging
By qrhetoric on 7/19/2007 6:41:17 PM , Rating: 2
It's not like there's anything illegal about it; that's just done to manipulate investor's psycology a bit

RE: Encouraging
By TomZ on 7/19/2007 8:24:00 PM , Rating: 2
Probably not illegal, but not honest and open either.

RE: Encouraging
By Viditor on 7/20/2007 12:13:06 AM , Rating: 2
Probably not illegal, but not honest and open either

But it is the standard for most all companies...

RE: Encouraging
By christojojo on 7/20/2007 9:16:41 PM , Rating: 2
To have a right to do a thing is not at all the same as to be right in doing it. G. K. Chesterton English author & mystery novelist (1874 - 1936)

It is something people tend to forget when things are in their favor.

RE: Encouraging
By gramboh on 7/20/2007 1:03:40 AM , Rating: 2
It depends on the methodology. It has to comply with accounting GAAP or it is legal/fraud (earnings manipulation). If you can juggle orders/contracts to max out your losses in a quarter you know is going to be poor, that is fine, but playing games with numbers (e.g. deferrals, early write-offs/recognition) is accounting fraud and illegal. Audit firms do not knowingly sign off on reports if this type of thing is detected.

"This is from the It's a science website." -- Rush Limbaugh

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki