AMD Posts Q3 Net Loss of $118 Million

Bad time to follow suit in announcing revenues, after Intel posted their all-time high of $11 billion in a single quarter. So AMD says they managed to rake up $1.62 billion for the third quarter of this year, which includes a net loss of $118 million, or 17 cents per share.

“AMD’s third quarter performance was highlighted by solid gross margin and a continued focus on profitability, despite weaker than expected consumer demand,” said Dirk Meyer, AMD president and CEO. “Our strategy to deliver platforms with superior visual experiences continues to resonate. We look forward to building on the momentum when we begin shipping our first AMD Fusion Accelerated Processor units later this quarter.”

Keep in mind this just for their processor (CPU) department, even with less demand AMD’s graphics (GPU) business reflected a 33% improvement over the same quarter last year. Release of those HD 6000 series cards would make up for everything, right?

For those that are interested, check out the full press release here.

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5 Responses to AMD Posts Q3 Net Loss of $118 Million

  1. branchenbuch says:

    This is a really good read for me, Must admit that you are one of the best bloggers I ever saw.Thanks for posting this informative article.

    • vspc says:

      You’re most welcome, glad you enjoyed it. If AMD related news interests you, check out a recent article we have on their Radeon (HD 6870 & 6850) preview in the meantime. Since these cards were officially released today, we decided to do a review roundup on these much anticipated cards which should be up by tomorrow – stay tuned.

      – VSPC

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    • vspc says:

      There should be a link towards the end of the post, and it should take you to a press release on AMD’s site. Thanks.

      – VSPC