backtop


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: 1.2 Billion in Losese Total Now
By jdun on 7/19/2007 9:51:43 PM , Rating: 2
AMD got a 3 billions bank loan to buy up ATI three quarters ago. AMD got another loan for 2 billions last quarter to pay for their upgraded fab. In three quarters they have borrow over 5 billions. That is on top of what other loans they made in the past.

Five billions loans in three quarters for an 8 billion dollar company. Even if their margin is good the interest they incur will eat any profits they would have made.

AMD can't sell off their assets because without the fabs they won't be making chips. Unlike the USA, German laws prevent mass layoff . And if they could they can't because they need these people to make the company work.

They could sell ATI tho. and buy some time.


"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki