AMD gets back in the black with its second-quarter financials
AMD released its second-quarter financial results yesterday evening. The company posted an operating loss of $8 million on revenue of $1.02 billion. That revenue figure is up 9% year-over-year. Thanks to income from its recently-completed joint venture with Nantong Fujitsu Microelectronics, however, AMD realized a net income of $69 million. The company says its increased revenue is thanks primarily to increased semi-custom SoC sales. Gross margin fell one point to 31%.
||Change from Q2 2015
AMD's Computing and Graphics division took in $435 million, a 15% year-over-year increase. The company says that number got a boost from higher notebook processor and GPU sales. The division narrowed its operating loss year-on-year to $81 million, compared to $147 million a year ago. The Enterprise, Embedded, and Semi-Custom division raked in $592 million, up 5% year-over-year, thanks to stronger sales. The division made operating income of $84 million, more than doubling the $27 million figure of a year ago.
For the third quarter, AMD projects that revenue will increase 15%, plus or minus 3%.