AMD narrows loss in Q3 on improved chip sales

The company also will ship Fusion chips this quarter, it said as it released its quarterly earnings statement

Advanced Micro Devices on Thursday posted a net loss for the third quarter, but reported a boost in microprocessor and graphics products sales as it inches its way back to profitability.

The company reported a net loss of US$118 million for the quarter ending Sept. 25, an improvement from the net loss of $128 million it reported in the third quarter last year.

As part of the results, AMD reported a $186 million equity loss related to its manufacturing spinoff, GlobalFoundries. Excluding that loss and other items, AMD would have reported a profit of $108 million.

The company reported revenue of $1.62 billion, which grew from $1.4 billion in the year-ago quarter. Analysts polled by Thomson Reuters expected revenue for the quarter to be $1.61 billion.

Revenue for the Computing Solutions segment, which includes revenue from microprocessor sales, was $1.23 billion, growing 13 percent compared to the year-ago quarter. Revenue for the graphics segment was $390 million, growing by 33 percent.

Ahead of the earnings, AMD lowered its revenue forecast for the third quarter, citing weak demand for laptops in western Europe and North America.

Despite weakness in the consumer segment, the company continues to focus on new products, said Dirk Meyer, AMD's president and CEO, in a statement.

The company hopes to receive a boost later this quarter when it starts shipping its much-delayed Fusion family of chips, which could appear in PCs starting early next year. The chip integrates a graphics processor inside the CPU, which could save battery life on laptops and provide better graphics capabilities.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuespc componentsAdvanced Micro Devicesfinancial results

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?