AMD reports net income of US$61mn in Q2

Friday, July 22, 2011

US chip manufacturer AMD (NYSE: AMD) posted US$61mn in net profits during the second quarter of 2011, reversing the US$43mn loss from the same quarter in 2010.

However, sequentially net income dropped 88% from US$510mn during the first quarter, according to results released by the company.

For the first half of the year, net income jumped 167% year-on-year from US$214mn to US$571mn.

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AMD reported revenue of US$1.57bn during the quarter, down 5% from US$1.65bn in 2Q10, while revenues for the first half of the year slipped 1.2% to US$3.19bn.

In its computing solutions segment, AMD saw net revenue of US$1.207bn, almost flat from US$1.212bn in 2Q10. For the first six months of the year, however, the segment saw a slight 1.4% increase to US$2.41bn.

AMD's graphics segment posted net revenue of US$367mn, compared to US$440mn in 2Q10. For the first half of the year, revenues decreased 8.1% to US$780mn.

The company attributed the results primarily to lower server revenues and mobile unit shipments.

Use this link to view the full results.