AMD Selling More CPUs, Posts Record Quarter Too
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."