AMD's revenue grew compared to the previous quarter, and the company suffered smaller losses, as well. According to Reuters, the company also beat Wall Street's revenue forecast. Ultimately, though, the chipmaker still lost money in Q2 2013—and the quarter's numbers paled in comparison to those from a year before.
|Q2 2012||Q1 2013||Q2 2013|
|Revenue||$1.41 billion||$1.09 billion||$1.16 billion|
|Net income||$37 million||-$146 million||-$74 million|
AMD says revenue for its Computing Solutions business was up 12% sequentially and down 20% compared to last year. The Graphics and Visual Solutions business, meanwhile, saw revenue shrink 5% sequentially and 13% year-over-year.
Oh, yes, AMD's Graphics Solutions business has been rechristened "Graphics and Visual Solutions." The change is meant to reflect, in part, the "growing importance of gaming and semi-custom offerings." Nothing about the business' operations or financial reporting seems to have changed, though—just the name.
AMD CEO Rory Read doesn't sound displeased with these numbers. He says, "Our focus on restructuring and transforming AMD resulted in improved financial results." Also, he expects AMD to see "significant revenue growth and a return to profitability in the third quarter." That's hardly a new promise, of course; AMD has been singing that refrain since January. Still, it's good to know the plan hasn't changed. AMD's press release says Q3 revenue is expected to grow 19-25% sequentially.
|Monitors with AMD's FreeSync tech now available in select regions||49|
|Thursday Night Shortbread||19|
|We learned more about Vulkan at Valve's glNext presentation||64|
|Steam Controller gets November release, $50 price tag||24|
|Report: The Witcher 3 to be bundled with higher-end Maxwell cards||22|
|Nvidia's PhysX joins the free source party||86|
|Intel announces Achievement Unlocked dev relations program||9|
|Intel partners with Raptr to optimize game settings for Iris graphics||24|
|Socketed Intel desktop Broadwell coming mid-year||48|
|And Samsung makes new phone with no sd slot lol whaw whaw whaw||+58|