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