It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
AMD Reports Second Quarter Results AMD Reports Second Quarter Results
FAQ Members List Calendar Search Today's Posts Mark Forums Read


AMD Reports Second Quarter Results
Reply
 
Thread Tools
Old 22nd July 2009, 11:58   #1
Madshrimp
 
jmke's Avatar
 
Join Date: May 2002
Location: 7090/Belgium
Posts: 79,020
jmke has disabled reputation
Icon17 AMD Reports Second Quarter Results

AMD Reports Second Quarter Results


AMD (NYSE:AMD) today reported second quarter 2009 results.AMD reported revenue for the second quarter of 2009 of $1.184 billion. Second quarter 2009 revenue was flat compared to the first quarter of 2009 and decreased 13 percent compared to the second quarter of 2008.
“The AMD Product Company successfully executed its product and technology roadmaps in the first half of the year, including introducing the Six-Core AMD Opteron™ processor months ahead of schedule. While we increased cash, exceeded our revenue plan and reduced operating expenses in the second quarter, gross margin was disappointing,” said Dirk Meyer, AMD president and CEO. “New platform, microprocessor and graphics introductions planned for the second half of 2009 position us well to improve margins and meet our financial goals for the year.”
In the second quarter of 2009, AMD reported a net loss attributable to AMD common stockholders of $330 million or $0.49 per share, which includes the net favorable impact of $86 million, or $0.13 per share, primarily from the sale of inventory written-down in the fourth fiscal quarter of 2008 as described in the table below2. AMD’s operating loss was $249 million.

In the first quarter of 2009, AMD had revenue of $1.177 billion, a net loss attributable to AMD common stockholders of $416 million and an operating loss of $298 million. In the second quarter of 2008, AMD had revenue from continuing operations of $1.362 billion, a net loss attributable to AMD common stockholders of $1.195 billion and an operating loss of $569 million.

In the second quarter of 2009, AMD Product Company reported a non-GAAP net loss of $244 million and a non-GAAP operating loss of $205 million. In the first quarter of 2009, AMD Product Company reported a non-GAAP net loss of $189 million and a non-GAAP operating loss of $123 million3.

Second quarter 2009 AMD gross margin was 37 percent, including a positive impact of 8 percentage points due to a $98 million benefit from the sale of inventory written down in the fourth quarter of 2008. First quarter 2009 AMD gross margin was 43 percent, including a positive impact of 5 percentage points due to a $64 million benefit from the sale of inventory written down in the fourth quarter of 2008. Second quarter 2009 AMD Product Company non-GAAP gross margin was 27 percent compared to 35 percent in the prior quarter.


Current Outlook
AMD’s outlook statements are based on current expectations. The following statements are forward looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.

Considering current macroeconomic conditions, limited visibility and historical seasonal patterns, AMD expects its Product Company revenue to be up slightly for the third quarter of 2009.

Additional Highlights

· Leading enterprise computing providers, including Dell, HP, IBM and Sun Microsystems announced new servers based on the Six-Core AMD Opteron processor, which is a drop-in replacement for the Quad-Core AMD Opteron processor and delivers up to 34 percent more performance-per-watt in the exact same platform.
· AMD introduced the first 40nm desktop graphics processor, the first 1 GHz graphics processor and held the first public preview of working silicon and drivers supporting Microsoft’s upcoming DirectX® 11 technology featured in Windows 7.
· Customer adoption of AMD’s graphics products for the professional market continued, with Dell, HP and Lenovo offering workstations featuring ATI FirePro™ professional graphics accelerators.
· HP, Acer, BenQ, and Medion announced solutions powered by the AMD Neo™ and ATI Radeon™ family of low-power technologies, including delivering the industry’s first affordable, full-featured HD computing experiences to the increasingly popular ultrathin notebook and all-in-one desktop markets.
· AMD refreshed its Dragon platform technology for desktop PCs, including the introduction of the AMD Phenom™ II X4 955 Black Edition processor, the company’s fastest quad-core processor. The stability of AMD Phenom II processors on Dragon technology provides an ideal platform for overclocking, resulting in the industry’s first known CPU to break the 7GHz barrier.
· Adobe, ArcSoft and Cyberlink began offering optimized versions of their video editing and processing applications that use ATI Stream technology to intelligently combine the computing power of AMD’s CPUs and GPUs to greatly accelerate the time-intensive activity of video encoding.
· AMD’s vision to bring a leading-edge semiconductor manufacturing facility and thousands of jobs to upstate New York is being fulfilled as GLOBALFOUNDRIES prepares to break ground on the construction of the Fab 2 project in New York. Fab 2 is expected to be the world’s most technologically-advanced semiconductor manufacturing facility, expanding AMD’s access to world-class manufacturing expertise.
__________________
jmke is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
AMD Reports First Quarter Results jmke WebNews 0 18th April 2008 09:33
AMD Reports Third Quarter Results jmke WebNews 0 19th October 2006 09:33
AMD Reports Fourth Quarter and Annual Results Sidney WebNews 0 19th January 2006 04:53
ATI Reports Results for First Quarter of Fiscal 2006 Sidney WebNews 0 21st December 2005 14:13
AMD Reports Third Quarter Results -All-Time Record Sales of $1.523 Billion Sidney WebNews 5 13th October 2005 21:13
ATI Reports Fourth Quarter and Fiscal 2005 Results Sidney WebNews 0 6th October 2005 16:37
Micron Technology, Inc., Reports Results for the Second Quarter Sidney WebNews 0 31st March 2005 00:10
Seagate Technology Reports Fiscal First Quarter 2005 Results jmke WebNews 1 21st October 2004 08:39
ATI reports revenues of $463 million for the second quarter jmke WebNews 0 31st March 2004 15:33
Amd Reports Fourth Quarter And Annual Results jmke WebNews 0 30th January 2004 15:47

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 10:44.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO