AMD Reports Revenue of $1.65 billion in Q2
AMD recently announced revenue for the second quarter of 2010 of $1.65 billion, a net loss of $43 million, or $0.06 per share, and operating income of $125 million. The company reported non-GAAP net income of $83 million, or $0.11 per share, and non-GAAP operating income of $138 million. AMD expects revenue to be up seasonally for the third quarter of 2010.
Robust demand for our latest mobile platforms and solid execution drove record second quarter revenue and a healthy gross margin, said Dirk Meyer, AMD President and CEO. Our unmatched combination of microprocessor and graphics capabilities resulted in customers launching a record number of new mobile and desktop platforms. We added Sony as a microprocessor customer and continue to see our existing customers expand their AMD-based platform offerings.
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