rival Intel revealing earlier this week that its quarterly revenues slid
5% on year.
Indeed, AMD posted a net loss of $29 million this quarter, cutting its losses from $146 million in the first quarter.
“Our performance in the second quarter was driven by opportunities in
our new high-growth and traditional PC businesses,” said Rory Read, AMD
president and CEO.
“Looking ahead, we will continue to deliver a strong value proposition
to our established customers and also reach new customers as we
diversify our business,” he added. “We expect significant revenue growth
and a return to profitability in the third quarter.”
The Graphics division posted zero profit, while the Computing arm
squeaked by with $2 million – down from $82 million in the same quarter
last year, but an improvement from last quarter’s $39 million loss.
Overall, sales slid from $1.4 billion from the same quarter last year to $1.2 billion this quarter.
While AMD’s focus on the ailing computer market may make Read’s
optimism seem out of place, there is one area that AMD dominates:
consoles. As the company noted: “AMD technology is inside all three of
the next generation gaming consoles: Nintendo Wii U, Sony PS4, and Xbox
One.”
