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.