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

By wordsworm on 7/21/2007 2:14:21 AM , Rating: 2
quote:
http://www.businessweek.com/investor/content/jul20...

Advanced Micro Devices (AMD; $15.78)

Reiterates 3 STARS (hold)

Analyst: Clyde Montevirgen

Operating loss of about 89 cents vs. EPS of 18 cents is wider than our 61 cents loss forecast. Sales grew 12% from first quarter, as AMD likely regained microprocessor market share. Sales mix and better unit shipments from new processes lifted gross margin, offsetting higher operating costs and aided operating margin. We think AMD benefited from strong PC demand and market share gains in lower-end markets, but it may have trouble doing so in the higher-end. We are widening our 2007 loss view by 47 cents to $2.84, but raising our 12-month target price by $2 to $17 on our view of better 2008 growth.


I can't see any hint of pessimism in this article. In fact, they seem to be focussed more on AMDs growth rate. I'm not an expert on finance, and I doubt if anyone here could claim much expertise either. I do see these as being reminiscent of a fortune teller at a carnival. But then, that's what many of you seem to be doing.

Regardless, it's clear that AMD is growing stronger despite their recent problems. It's not inconceivable that AMD will reach greater heights yet.




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