AMD’s Q2 financial report may not be impressive but an upswing is coming
Posted on 16. Jul, 2010 by LaptopMan in Industry News, Laptops, Netbooks
Advanced Micro Devices aka AMD, has supplied its Q2 financial results yesterday and, apart from a small net loss of $43 million, which can be attributed to GlobalFoundries-related expenses, they show some nice increases for the CPU and GPU designer.
AMD’s total revenue in Q2 was $1.65 billion (up from $1.57bn in Q1) with both the CPU and GPU businesses bringing in more money (compared to Q1), while operating income reached $128 million. The CPU unit’s sales rose 4% sequentially and 31% on-year, topping $1.12bn, whereas GPU revenue went up 8% over Q1 2010 and 87% over Q2 2009 and reached $440 million.
“Robust demand for our latest mobile platforms and solid execution drove record second quarter revenue and a healthy gross margin,” said Dirk Meyer, AMD President and CEO. “Our unmatched combination of microprocessor and graphics capabilities resulted in customers launching a record number of new mobile and desktop platforms. We added Sony as a microprocessor customer and continue to see our existing customers expand their AMD-based platform offerings.”
AMD expects a higher revenue in Q3. And probably a return to profitability too.
Related Posts
