Friday, October 16th 2009
AMD Reports Third Quarter Results
AMD today reported revenue for the third quarter of 2009 of $1.396 billion. Third quarter 2009 revenue increased 18 percent compared to the second quarter of 2009 and decreased 22 percent compared to the third quarter of 2008.
In the third quarter of 2009, AMD reported a net loss attributable to AMD common stockholders of $128 million, or $0.18 per share, which includes a net favorable impact of $54 million, or $0.08 per share, primarily from a $66 million gain from the repurchase of debt as described in the table below. AMD's operating loss was $77 million.
In the second quarter of 2009, AMD had revenue of $1.184 billion, a net loss attributable to AMD common stockholders of $330 million and an operating loss of $249 million. In the third quarter of 2008, AMD had revenue from continuing operations of $1.797 billion, a net loss attributable to AMD common stockholders of $134 million and an operating income of $122 million.
In the third quarter of 2009, AMD Product Company reported non-GAAP net income of $2 million and non-GAAP operating income of $47 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.
"Strong demand for our product and platform offerings combined with disciplined execution resulted in AMD Product Company achieving profitability in the third quarter," said Dirk Meyer, AMD president and CEO. "Growth in microprocessor and graphics unit shipments drove an 18 percent sequential revenue increase, while improved factory utilization rates, higher microprocessor average selling price and an increase in 45nm product shipments resulted in a gross margin improvement from the prior quarter."
Third quarter 2009 AMD gross margin was 42 percent compared to 37 percent in the prior quarter. Third quarter 2009 AMD Product Company non-GAAP gross margin was 38 percent compared to 27 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 the "Cautionary Statement" below.
AMD expects its Product Company revenue to be up modestly for the fourth quarter of 2009. For more information, visit this page.
In the third quarter of 2009, AMD reported a net loss attributable to AMD common stockholders of $128 million, or $0.18 per share, which includes a net favorable impact of $54 million, or $0.08 per share, primarily from a $66 million gain from the repurchase of debt as described in the table below. AMD's operating loss was $77 million.
In the second quarter of 2009, AMD had revenue of $1.184 billion, a net loss attributable to AMD common stockholders of $330 million and an operating loss of $249 million. In the third quarter of 2008, AMD had revenue from continuing operations of $1.797 billion, a net loss attributable to AMD common stockholders of $134 million and an operating income of $122 million.
In the third quarter of 2009, AMD Product Company reported non-GAAP net income of $2 million and non-GAAP operating income of $47 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.
"Strong demand for our product and platform offerings combined with disciplined execution resulted in AMD Product Company achieving profitability in the third quarter," said Dirk Meyer, AMD president and CEO. "Growth in microprocessor and graphics unit shipments drove an 18 percent sequential revenue increase, while improved factory utilization rates, higher microprocessor average selling price and an increase in 45nm product shipments resulted in a gross margin improvement from the prior quarter."
Third quarter 2009 AMD gross margin was 42 percent compared to 37 percent in the prior quarter. Third quarter 2009 AMD Product Company non-GAAP gross margin was 38 percent compared to 27 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 the "Cautionary Statement" below.
AMD expects its Product Company revenue to be up modestly for the fourth quarter of 2009. For more information, visit this page.
19 Comments on AMD Reports Third Quarter Results
Amd is kind of "up", they earn more money again, their loss is way down, and they are marking themself better in the market i think.
ATI have really really made a passing into the Laptop market, AMD cpu's need to pass into them aswell, PHII in laptops will work excellent, i can run a PHII @ 2.8 Ghz at 1.1 V with a bad chip.
anyhow, good to see amd is doing better, they're the only real competitor to Intel in the future, when intel gets graphics, nvidia gonna be stuck in the middle it seems.
If I market 10 oranges with a cost of (unknown to you) 1.00 and a profit of $9.00 and pay myself $7.00, reinvest two more of my dollars and the three left over I can show a operating loss of $2.00.
Companies do this all the time to prevent paying taxes, to purchase back stock, to purchase stock and interest in otehr companies they want.
But the R&D time, shipping, each company getting a bit of the pie.........
In respect of ATI, keep in mind that GPU revenues are only a 1/4 to a 1/5 of CPU revenues.
And while they do not equal Intel in the fastest of the fast, I have never shopped in that Range. Bang for your Buck is my moto and I like to think AMD is thinking the same way. While having the performance crown is nice, I am perfectly satisfied with my AMD 955 BE. If this is slow, then something is very, very wrong.