AMD announces revenue for Q3 2010

Earlier today AMD announced their revenue for the third quarter of 2010 of $1.62 billion, a net loss of $118 million, or $0.17 per share, and operating income of $128 million.  The company reported, on a non-GAAP basis, net income of $108 million, or $0.15 per share, and non-GAAP operating income of $144 million. While this is not as good as Intel it isn't too bad at all.

AMD last month lowered its third-quarter revenue forecast because of lower-than-expected sales of processors for consumer laptops. The company said its revenue would fall from 1% to 4% lower than its previous forecast of $1.65 billion.

“Strong product offerings and solid operating performance resulted in record first quarter revenue,” said Dirk Meyer, AMD President and CEO. “We continue to strengthen our product offerings. We launched our latest generation of server platforms, expanded our family of DirectX 11-compatible graphics offerings, and commenced shipments of our next-generation notebook platforms to customers.”

“AMD’s third quarter performance was highlighted by solid gross margin and a continued focus on profitability, despite weaker than expected consumer demand,” said Dirk Meyer, AMD president and CEO.  “Our strategy to deliver platforms with superior visual experiences continues to resonate.  We look forward to building on this momentum when we begin shipping our first AMD Fusion Accelerated Processor Units later this quarter.”

AMD's losses were related to its remaining stake in the factory business it spun off last year into a separate company called GlobalFoundries. The other stakeholder is Advanced Technology Investment Co., which was formed by the Abu Dhabi government.

For more details on the AMD revenue announcement you can check out their official press release.

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