AMD Reports Third Quarter Results – Revenue of $1.62 Billion

By Nathan Kirsch

AMD today announced revenue for the third quarter of 2010 of $1.62 billion, a net loss of $118 million, or $0.17 per share, and operating income of $128 million. The company reported non-GAAP net income of $108 million, or $0.15 per share, and non-GAAP operating income of $144 million. What is interesting is that AMD stated their graphics segment revenue decreased 11 percent sequentially but
increased 33 percent year-over-year. They stated that the sequential decrease was
due to decreased mobile graphics processor unit (GPU) unit shipments and decreased ASP.

AMD Logo

“AMD’s third quarter performance was highlighted by solid gross margin and a continued focus on profitability, despite weaker than expected consumer demand,” said Dirk Meyer, AMD president and CEO. “Our strategy to deliver platforms with superior visual experiences continues to resonate. We look forward to building on this momentum when we begin shipping our first AMD Fusion Accelerated Processor Units later this quarter.”

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