Feeds

AMD Q2 profits will miss forecasts by a mile

Weak flash memory demand blamed

  • alert
  • submit to reddit

AMD has warned its second quarter earnings will fall miles short of forecasts.

The chipmaker yesterday said sales for the three months ended July 1 were $985 million, down 17 per cent down on the first quarter.

In April the company said it was expecting a maximum drop in sales of ten per cent.

Revenue is also down 11 per cent down on Q2 last year.

Net profits are expected to fall to between three and five cents per diluted share, the California-based company said. Analysts were expecting 27 cents per share.

"First, demand for flash memory devices was and continues to be weaker than expected," AMD said in a statement.

"Second, competitive pressures in the PC processor market depressed the company's average selling prices."

AMD, which aims to control 30 per cent of the chip market by the end of the year, is due to report its Q2 figures on July 12. ®

Related Link

AMD statement

Related Stories

AMD 'on track' for 30% market share, exec claims
AMD updates roadmap, delays desktop Athlon 4
Dell gets curious about AMD merits

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.