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AMD reports $257 million profit
Reported by Sub on Friday, April 16 2010 1:17 pm
Following Intel's amazing Q1 2010 financials, AMD have reported a strong showing. Despite the typical off-season, AMD posted a rare profit - and this time it didn't need a billion+ dollar settlement. Furthermore, Q1 2010 marks the first year of AMD reporting without GlobalFoundries. The net result is a $257 million Net Income, which is AMD's highest for what seems like several generations. AMD's revenue of $1.57 billion is only slightly down on Q4 2009 - and a lot higher than expectations considering the normal Q1 drops. More next page...
Following Intel's amazing Q1 2010 financials, AMD have reported a strong
showing. Despite the typical off-season, AMD posted a rare profit - and
this time it didn't need a billion+ dollar settlement. Furthermore, Q1
2010 marks the first year of AMD reporting without GlobalFoundries. The
net result is a $257 million Net Income, which is AMD's highest for what
seems like several generations.
AMD's revenue of $1.57 billion is only slightly down on Q4 2009 - and a lot higher than expectations considering the normal Q1 drops.
After nearly three years of consecutive losses, AMD finally seems to be on its way to recovery with two consecutive profit quarters. With a strong price/performance CPU line-up (to be enhanced this month with Thuban/Zosma), excellent GPU family, and next-generation CPUs within the next year, AMD seem to have turned it around - at least for now.
AMD expects Q2 2010 to be "down seasonally".
Reference: AMD Press Release
AMD's revenue of $1.57 billion is only slightly down on Q4 2009 - and a lot higher than expectations considering the normal Q1 drops.
After nearly three years of consecutive losses, AMD finally seems to be on its way to recovery with two consecutive profit quarters. With a strong price/performance CPU line-up (to be enhanced this month with Thuban/Zosma), excellent GPU family, and next-generation CPUs within the next year, AMD seem to have turned it around - at least for now.
AMD expects Q2 2010 to be "down seasonally".
Reference: AMD Press Release
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