The CPU market seems to be doing quite well.
Intel just announced that it had its best quarter ever, and it turns out that AMD had a pretty decent one too. AMD announced revenue for the second quarter of 2010 of $1.65 billion – a record on its own for the company, which perhaps signals an extremely healthy time in the processor business.
Even with the growth in revenue, AMD posted a net loss of $43 million, or $0.06 per share, which is mostly attributed to the restructuring with GlobalFoundries and not due to product pricing. AMD also posted an operating income of $125 million. The company reported non-GAAP net income of $83 million, or $0.11 per share, and non-GAAP operating income of $138 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."