AMD records profit in Q3 despite manufacturing issues

AMD reported a slight growth in profit and revenue despite facing manufacturing issues

Advanced Micro Devices on Thursday reported revenue and profit growth for the third fiscal quarter of 2011, despite issues with the manufacturing of processors.

Advanced Micro Devices reported revenue of US$1.69 billion after late last month reducing its revenue projection for the quarter ending Oct. 1, after its manufacturing partner Globalfoundries had problems with chips manufactured using a 32-nanometer process. The yield problems led to a limited supply of AMD's Fusion chips for mainstream PCs.

Third-quarter revenue was "adversely impacted" by the manufacturing issues experienced by a manufacturing partner, AMD said in a statement. AMD's revenue grew by 4 percent compared to the third quarter last year.

AMD reported profit of $110 million on a non-GAAP basis, a slight increase from profit of $108 million during the third quarter last year. Earnings per share were $0.15, which beat estimates of $0.10 from analysts polled by Thomson Reuters.

On a GAAP basis, AMD reported profit of $97 million, improving from a loss of $118 million in the third quarter last year.

Revenue for the computing solutions group, which deals in PC and server chips, grew to $1.29 billion from $1.23 billion in last year's third quarter. Revenue for the graphics segment during the quarter was $403 million, growing from $390 million last year.

For the fourth quarter, AMD said it expects revenue to increase sequentially by 3 percent, plus or minus 2 percent.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesfinancial resultsAdvanced Micro Devices

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

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?