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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 Viditor on 7/21/2007 12:56:48 AM , Rating: 3
quote:
They are still producing 90nm chips on 200mm wafers

You are correct, I made an error. The $30 Million write-down was for the remainder of the 939 chips.
Currently,
All output from Fab36 (the vast majority) is 65nm.
Fab 30 is being converted to 300mm and they are selling off the 200mm equipment. There will continue to be a dribbling output of 90nm from Fab 30 while they do the conversion.

BTW, as a suggestion to you, you might try to focus more on the discussion than on trying to flame people (specifically me). For example, if you had made this post more in the tenor of a correction than a flame, you might not get modded down so much (it was a good catch after all).

Just a thought...


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