CPU makers doing 96% better

AMD and Intel have both reported their second quarter results. Both firms reported good results, with prominent "96%" numbers popping out of the press releases. AMD had perhaps the best news, relatively speaking, hitting an all-time revenue peak and turning a much-needed profit on the strength of Opteron sales. Second quarter sales were up 96% year over year.
SUNNYVALE, CA - July 14, 2004 - AMD (NYSE: AMD) today reported sales of $1.262 billion and net income of $32 million for the quarter ended June 27, 2004. Net income amounted to $0.09 per diluted share.

Second quarter sales increased by 96 percent from the second quarter of 2003 and increased by two percent from the first quarter of 2004. In the second quarter of 2003, AMD reported sales of $645 million and a net loss of $140 million, or $0.40 per share. In the first quarter of 2004, AMD reported sales of $1.236 billion and net income of $45 million, or $0.12 per diluted share.

AMD's flash memory products were also a big part of the strong performance.

Intel, meanwhile, took in over $8 billion and raised year-over-year profits by 96%.

SANTA CLARA, Calif., July 13, 2004 - Intel Corporation today announced second-quarter revenue of $8.05 billion, approximately flat sequentially and up 18 percent year-over-year.

Second-quarter net income was $1.8 billion, flat sequentially and up 96 percent year-over-year. Earnings per share were 27 cents, up 4 percent sequentially and up 93 percent from 14 cents in the second quarter of 2003.

Most of the profit increase was attributed to cost savings related to not supplying Xeon processors to TR for review. Er, wait. Sales were up for Intel chipsets and flash memory products, and Intel motherboard sales hit a record. Intel CPU shipments were lower, as were average selling prices.
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