Tong Zhang
(Senior Editor)
07/16/10 02:45 PM
AMD Reports Record Second Quarter

AMD has announced revenue for the second quarter of 2010 of $1.65 billion, a net loss of $43 million, or $0.06 per share, and 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."

Highlights of the financial report:

* AMD revenue $1.65 billion, 5 percent sequential increase and 40 percent increase year-over-year
* Net loss $43 million, net loss per share $0.06, operating income $125 million
* Non-GAAP1,2 net income $83 million, EPS $0.11, operating income $138 million
* Gross margin 45 percent





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