AMD reports a net income of $257 million, marking its second quarter in a row of profit.
Earlier this week we heard from Intel that it just had the best first quarter ever. It seems that the computer industry is at full speed again, as AMD is now reporting positive financials too (good, but not record breaking).
AMD announced revenue for the first quarter of 2010 of $1.57 billion, net income of $257 million, or $0.35 per share, and operating income of $182 million. The company reported non-GAAP net income of $63 million, or $0.09 per share, and non-GAAP operating income of $130 million. More details here.
"Strong product offerings and solid operating performance resulted in record first quarter revenue," said Dirk Meyer, AMD President and CEO. "We continue to strengthen our product offerings. We launched our latest generation of server platforms, expanded our family of DirectX 11-compatible graphics offerings, and commenced shipments of our next-generation notebook platforms to customers."
Helping the bottom line along is the reveal that AMD has so far sold six million DirectX 11-class GPUs, no doubt helped its six-month lead over Nvidia's Fermi.
"In graphics, we shipped a total of over six million DirectX 11 enabled units to date, and expanded the family into the mainstream and value segments," said Meyer.
nVidia is eating those words right now
I don't think that AMD will have the resources to put into R&D to actually beat the best Intel CPUs, but I believe if they continue to offer CPUs like the 965, they can take away sales from Intel as most of us can't afford the $300 CPUs.
The first batch has already been released. Both the GTX 480 and 470 seem to be hitting their target prices without a problem, $500 and $350 respectively. The real problem is availability, sold out on New Egg before I saw one available...yikes.
Good luck it'll be a long time before AMD gives Intel a run for their money.
You talking about crossfire with Intel chipsets?
That still exists, it's better Now if you ask me. There was never an official partnership.
Now AMD, step up the drivers please! I have to say it's the only thing I miss from Nvidia, theirs were better designed and had more features. Otherwise, the card's a dream.
That won't show up on this site unless Nvidia is taking a significant loss. Either that or they just want to post an article with 4 pages of nothing but butthurt.
From a price/performance standpoint, AMD is better than Intel at the sub $160 market. Tom's Hardware says so in their best CPU for the money articles. The main problem AMD has is with the OEMs... even when AMD had the performance edge over Intel (Athlon 64), they still had a low market share because Intel incentivized the OEMs and retailers to push Intel products. Don't forget that the majority of computer users and buyers are uninformed and think the CPU is the big metal box with the power button.