Feeds

AMD rides memory sales to solid Q2

Flash happy

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Strong memory sales helped push AMD to a solid second quarter, the company reported today. AMD pumped out $1.26bn in revenue and $32m in net income for the period ended 27 June. These figures compare to revenue of $645m and a net loss of $140m in the same quarter a year ago.

"We are pleased to report a ninety-six percent year-over-year increase in sales and solid profitability based on record sales of our leading-edge products," said Robert Rivet, AMD's chief financial officer.

Like rival Intel, AMD enjoyed a surge in flash memory sales. AMD's memory business posted sales of $673m - a not too shabby 220 percent rise from the $211m reported in last year's second quarter. "Flash memory sales grew in all major regions and across both the embedded and wireless segments driven by continued strong demand from tier-one customers," AMD said.

Processor sales jumped as well. AMD moved $554m worth of chips and related gear in the quarter - a 36 percent increase over the $406m last year. AMD cited strong interest in its 64-bit Opteron processor as one driver of the growth.

AMD's shares were punished ahead of the earnings announcement, dropping more than five percent to $13.74. This drop was largely influenced by Intel, which upset investors yesterday when it lowered margin expectations for the rest of the year. In the after-hours markets, AMD dropped another 2 percent, at the time of this report. ®

Related stories

AMD loses Euro mobile market share to Celeron
Wall Street bears take a swipe at chip stocks
Intel forecast to cut P4 price by up to 34%
Chip biz breaks quarterly fab spend record

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.