AMD reports net loss of $611 million for Q1 2007

Posted on Friday, Apr 20 2007 @ 01:49 CEST by Thomas De Maesschalck
AMD announced its financial results for the first quarter of this year, and they don't look pretty.

In the first quarter AMD had a revenue of $1.223 billion, an operating loss of $504 million and a net loss of $611 million, or $1.11 per share.

These results include ATI acquisition-related and integration charges of $113 million, or $0.21 per share, and employee stock-based compensation expense of $28 million, or $0.05 per share.

In the fourth quarter of 2006, AMD reported revenue of $1.773 billion and an operating loss of $529 million. In the first quarter of 2006, AMD reported revenue of $1.332 billion and operating income of $259 million.

The main reason for the sharp drop are lower unit sales and lower average processor sale prices.

About the Author

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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