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AMD Product Company posts net income, overall loss
Reported by Sub on Saturday, October 17 2009 2:43 am
AMD's Q3 '09 financial results are out. Total revenue was reported as $1.396 billion, up from $1.184 billion in Q2 '09, but lower than Q3 '08's $1.776 billion just before the recession hit the computer hardware industry. Although AMD's fabrication is now part of Globalfoundries, financial reports are still combined as attributable to stockholders. Overall, AMD posted a net loss of $128 million, much better than previous forecasts, and Q2 '09's $330 million loss. However, minus Globalfoundries, AMD's "Product Company" have posted a net income. More details next page.
AMD's Q3 '09 financial results are out. Total revenue was reported as
$1.396 billion, up from $1.184 billion in Q2 '09, but lower than Q3
'08's $1.776 billion just before the recession hit the computer hardware
industry.
Although AMD's fabrication is now part of Globalfoundries, financial reports are still combined as attributable to stockholders. Overall, AMD posted a net loss of $128 million, much better than previous forecasts, and Q2 '09's $330 million loss.
However, minus Globalfoundries, AMD's "Product Company" have posted a net income.
The net profit posted is $2 million. Though not much, this is far more encouraging than Q2 09's $244 million loss.
The AMD Computing (Chipset/CPU) division grew by 17% and Graphics division grew by 22% over Q2 '09. As mentioned before, revenues are clearly down over Q3 '08 which was just before the recession.
Surprisingly, AMD were not too bullish over Q4 '09 expectations, forecasting Product Company revenues to be "up modestly". AMD's GPU division especially, are expected to grow significantly, but are currently struggling to meet the runaway demand. The inadequate supplies may be a reason for the low expectations.
Overall, this is one of the brightest quarterly results from AMD in a long while, despite the economic conditions, and it is clear they are on their way to recovery.
Reference: AMD Press Release
Although AMD's fabrication is now part of Globalfoundries, financial reports are still combined as attributable to stockholders. Overall, AMD posted a net loss of $128 million, much better than previous forecasts, and Q2 '09's $330 million loss.
However, minus Globalfoundries, AMD's "Product Company" have posted a net income.
The net profit posted is $2 million. Though not much, this is far more encouraging than Q2 09's $244 million loss.
The AMD Computing (Chipset/CPU) division grew by 17% and Graphics division grew by 22% over Q2 '09. As mentioned before, revenues are clearly down over Q3 '08 which was just before the recession.
Surprisingly, AMD were not too bullish over Q4 '09 expectations, forecasting Product Company revenues to be "up modestly". AMD's GPU division especially, are expected to grow significantly, but are currently struggling to meet the runaway demand. The inadequate supplies may be a reason for the low expectations.
Overall, this is one of the brightest quarterly results from AMD in a long while, despite the economic conditions, and it is clear they are on their way to recovery.
Reference: AMD Press Release
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