AMD ends losing streak with profitable Q2

After two straight losing quarters, AMD is back in the black as its chip sales continue to skyrocket.

Advanced Micro Devices (AMD) swung back to a profit in the second quarter, as the continued strong growth of its processor business was bolstered by slightly better results from its flash memory division, AMD announced Wednesday.

For the period ended June 26, AMD recorded US$1.26 billion (AU$1.68) in revenue, essentially flat compared with revenue from last year's second quarter and in line with analyst expectations as compiled by Thomson First Call. Net income was US$11 million, down from last year's second-quarter net income of US$32 million but substantially better than the US$17 million net loss that AMD posted in the first quarter. AMD also posted a net loss in the fourth quarter of 2004.

Earnings per share were US$0.03 for the quarter, ahead of analyst expectations that AMD would post a loss per share of US$0.05 for the quarter.

AMD's processor business had another excellent quarter, with revenue of US$767 million, a company record. This was a 38 percent increase from last year, and largely attributable to strong growth in sales of the company's 64-bit Opteron and Athlon 64 processors, the company said.

Flash memory revenue was US$462 million, a slight improvement over the first quarter but down 31 percent from last year's second quarter. The group lost US$90 million during the quarter. AMD blamed the poor performance of its Spansion flash memory joint venture for its net loss in the first quarter, and the company is actively pursuing an initial public offering of Spansion's share to rid itself of the business.

The company will hold a conference call later this week to discuss its results. AMD did not mention the antitrust lawsuit it filed against Intel Corp. earlier this month in its press release.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tom Krazit

IDG News Service
Show Comments

Father’s Day Gift Guide

Brand Post

Bitdefender 2019

Bitdefender’s best-in-class security solutions have been awarded Product of the Year. Get cybersecurity that 500 MILLION users already have and trust!

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Luke Hill


I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?