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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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Horrible performance of ex-ATI!
By defter on 7/20/2007 2:27:16 AM , Rating: 1
Discrete GPU revenue down to $195M with loss of $50M.
Consumer electronics revenue down to $85M with loss of $22M.

Not counting chipset business (chipsets are part of computational group and their revenues are not known), ex-ATI had revenue of only $280M with losses of $77M!

And AMD paid $5 billion for this just a year ago...

For the comparison, in the latest quarter NVidia had $884M revenue with $132M profit:
http://www.nvidia.com/object/IO_42320.html




By wordsworm on 7/20/2007 4:30:20 AM , Rating: 3
Ironically, their stock is up to $15.78 from $15.46 on the heels of this news. I don't think the value of the stock would be so good if investors didn't feel some kind of optimism for AMD. While it's much less than the $30ish it was not too long ago, it's also a lot more than the $5ish it was about 5 years ago. AMD is succeeding more than it's failing. I just think that a lot of people are big Intel fans. For a long time, AMD has been severely beating Intel, and finally Intel is back on top. They're just regurgitating their humble pie.


RE: Horrible performance of ex-ATI!
By Targon on 7/31/2007 4:24:52 PM , Rating: 2
There are elements here that can't be seen without direct information from the inside. The ATI purchase was not as much about profits from selling GPUs as it was about improving the connections between the various components in an AMD based system.

Fusion is the first big thing that most people see from the merger, but the chipset business is really a more important part of the picture. If the connection between CPU, PCI Express components, and the GPU is really really tight, an AMD based machine(CPU+motherboard+Radeon video card) could show over a 10 percent performance benefit compared to the same CPU using the same video card but with a different chipset if all goes well.

One thing I am curious about these days is the performance delta between a Geforce 8800 video card with an NVIDIA chipset, and the same video card on an AMD/ATI chipset with the same CPU. Then test an AMD/ATI video card on an AMD/ATI chipset with the same CPU. There hasn't been a test like this run in a few years, mostly because every site seems to be fixated on Intel CPUs on Intel chipset based motherboards to try to be impartial.


"And boy have we patented it!" -- Steve Jobs, Macworld 2007














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