As expected, AMD has just announced its second quarter 2012 results with revenue of $1.41 billion, net income of $37 million, or $0.05 per share, and operating income of $77 million. The company reported non-GAAP net income of $46 million, or $0.06 per share, and non-GAAP operating income of $86 million.
“Overall weakness in the global economy, softer consumer spending and lower channel demand for our desktop processors in China and Europe made the closing weeks of the quarter challenging,” said Rory Read, AMD president and CEO.
Q2 2012 Results:
- AMD revenue $1.41 billion, 11 percent sequential decrease and a 10 percent decrease year-over-year
- Net income $37 million, earnings per share $0.05, operating income $77 million
- Non-GAAP net income $46 million, earnings per share $0.06, operating income $86 million
- Gross margin 45 percent, non-GAAP gross margin 46 percent
AMD last traded at 4.84 -0.05 (-1.02%).