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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.



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RE: 1.2 Billion in Losese Total Now
By Ringold on 7/19/2007 9:57:26 PM , Rating: 2
quote:
I'm not trying to flame, but your the only one in this thread who mentioned anything about AMD disappearing.


Fair point, I should've used different language, but I think I was responding to the notion that if they dont stop the losses they wouldnt be able to operate until the end of the year, insinuating a shut-down, suggesting disappearance. At least, that's how it rang up in my cloudy head. There's a lot of gloomy language being used. I don't buy in to the doom and gloom in the least. I don't disagree at all with what you just said; essentially, things will continue to roll along just fine. Might end up with a junk bond credit rating (if it doesn't have one already), might end up on the receiving end of an LBO, but that's all natural and AMD will live on.


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