AMD Q3 results show higher revenue, lower profits

Posted on Thursday, Oct 19 2006 @ 15:57 CEST by Thomas De Maesschalck
AMD's third quarter financial results show the company generated more revenue, but made less profits:
Considering the dramatic price decreases of its desktop processors over the past three months, AMD delivered a solid third quarter result. Sales increased almost 32% from $1.01 billion to $1.33 billion year-over-year. Operating income retreated from 129 million to $119 million in the same time frame.

On a sequential basis, AMD's result looks stable as well, with Q2 profits of $1.22 billion and operating income of $102 million.

According to AMD's chief financial officer Robert Rivet, processor shipments grew 18% sequentially. The company reported higher demand for CPUs across the company's product families. Rivet mentioned that sales of the mobile Turion 64 processor were "especially strong" and Opteron sales set another record.
More info at TG Daily.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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