AMD posts large Q2 loss, sees more losses in Q3

Hampered by continuing weak PC sales and the dominance of its primary rival Intel Corp., chip maker Advanced Micro Devices Inc. (AMD) posted large losses for the second quarter. The losses are the biggest for AMD since the second quarter of 1999.

The Sunnyvale, California, company reported a net loss of US$184.9 million for the quarter ended June 30, compared to net income of $17.4 million for the same quarter last year, AMD said in a statement Wednesday.

On a per-share basis, AMD reported a loss of $0.54 per share, compared to $0.05 per share in the second quarter of last year. The loss was greater than had been estimated by analysts polled at Thomson Financial/First Call, which forecast a loss of $0.45 per share.

Net revenue for the quarter fell to $600.3 million from $985.3 million in the second quarter of last year, AMD said.

"We probably lost a couple of points in (market) share," said Hector Ruiz, AMD's chief executive officer, in a conference call that was recorded and posted on the company Web site.

AMD forecasts further losses in the third quarter with aggregate sales expected to improve modestly in the quarter, AMD said.

Join the newsletter!

Or

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.

Laura Rohde

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

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?