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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: CPU/GPU Breakdown?
By Viditor on 7/23/2007 1:41:24 PM , Rating: 2
Fab 30 hasn't been fully deprecated. AMD is in the middle of a 2.5 billion upgrade on Fab 30 and 38

It has, actually...
While AMD is indeed in the middle of a $2.2 Billion upgrade to turn Fab 30 into Fab 38, the equipment they're replacing (the 200mm lines) is being sold off as well...

RE: CPU/GPU Breakdown?
By dwalton on 7/23/2007 4:32:44 PM , Rating: 2
Every time you reinvest and purchase new equipment and upgrade your facilities, you have to reflect that cost on your balance sheet.

RE: CPU/GPU Breakdown?
By Viditor on 7/23/2007 10:25:55 PM , Rating: 2
Every time you reinvest and purchase new equipment and upgrade your facilities, you have to reflect that cost on your balance sheet

True, the upgrade cost must be reflected (and will also begin to be depreciated).
However, the upgrades are actually a conversion of Fab 30 to Fab it's actually Fab 38 that won't be depreciated.

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