Oh no, you're thinking, yet another cookie pop-up. Well, sorry, it's the law. We measure how many people read us, and ensure you see relevant ads, by storing cookies on your device. If you're cool with that, hit “Accept all Cookies”. For more info and to customize your settings, hit “Customize Settings”.

Review and manage your consent

Here's an overview of our use of cookies, similar technologies and how to manage them. You can also change your choices at any time, by hitting the “Your Consent Options” link on the site's footer.

Manage Cookie Preferences
  • These cookies are strictly necessary so that you can navigate the site as normal and use all features. Without these cookies we cannot provide you with the service that you expect.

  • These cookies are used to make advertising messages more relevant to you. They perform functions like preventing the same ad from continuously reappearing, ensuring that ads are properly displayed for advertisers, and in some cases selecting advertisements that are based on your interests.

  • These cookies collect information in aggregate form to help us understand how our websites are being used. They allow us to count visits and traffic sources so that we can measure and improve the performance of our sites. If people say no to these cookies, we do not know how many people have visited and we cannot monitor performance.

See also our Cookie policy and Privacy policy.

This article is more than 1 year old

What's inside AMD's life-support machine? A big pile o' PlayStation 4s and XBox Ones

Sick man of silicon's x86 sales hit hard by PC world, but CEO seems happy

AMD execs are remaining optimistic despite emerging from a quarter in which the company made an eight-figure net loss and fell short of analyst estimates.

In Q2 2014, ending June 29, the chipmaker bagged $1.44bn in revenue, up 24 per cent year on year. However, it recorded a GAAP net loss of $36m for the quarter, down from the $74m hit it took in the year-ago period.

AMD's Computing Solutions unit – primarily its x86 microprocessors business – suffered a 20 per cent drop in revenue to $669m. That unit banked an operating income of $9m, compared to $2m in Q2 2013. Falling operating expenses offset its disappointing sales of PC CPUs, we're told.

Over in the Graphics and Visual Solutions unit, that division recorded revenues totaling $772m, a 141 per cent increase over last year. Sales of the unit's semi-customized system-on-chips were given much of the credit for the increase. The division recorded an operating income of $82m, although there is no year-ago figure.

The semi-custom SoC wing pumps out processors for Microsoft's Xbox One and Sony's PlayStation 4 games consoles. The professional graphics and OEM GPU sections of the unit were also credited with strong quarters.

These figures should give some cause for optimism at AMD, said CEO Rory Read. "We have made significant progress in transforming our company," the chief boasted on a conference call. "We are clearly executing our strategy."

Investors, however, were less enthused by the news. The company's non-GAAP earnings per share of $0.02 fell short of the estimated $0.03 return, and AMD stock was down 1.93 per cent on the day.

Edison Investment Research analyst Dan Scovel said the numbers reflect a "stable, but disappointing, growth and recovery."

"The good news is AMD's recovery remains intact, albeit at a subdued trajectory," he noted.

AMD's numbers were once again dwarfed by rival Intel, which earlier this week reported second-quarter revenues of $13.8bn – and a net income of $2.8bn, nearly twice AMD's entire revenues for the period. ®

 

Similar topics

TIP US OFF

Send us news


Other stories you might like