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AMD reports better than expected Q3 numbers

by on15 October 2010

Still in the red, but improving
AMD has announced Q3 earnings and analysts agree that the results were better than expected, despite the fact that AMD reported a net loss of $118 million.

Revenue was $1.62 billion, down 2 percent sequentially, but somewhat higher than Wall Street estimates. AMD’s gross margin was 46 percent, which managed to compensate for a drop in consumer demand.

AMD’s graphics business, or ATI as we’ll always call it, delivered $390 million in revenue with an operating income of $1 million.

The company announced that its ASPs dropped slightly and that it would introduce its first Fusion APUs sometime in Q4.
Last modified on 15 October 2010
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