AMD today reported its revenue for the second quarter of 2013 of $1.16 billion with an operating loss of $29 million and a net loss of $74 million, or $0.10 per share while the non-GAAP operating loss was of $20 million and a non-GAAP net loss of $65 million, or $0.09 per share.
“Our focus on restructuring and transforming AMD resulted in improved financial results,” said Rory Read, AMD president and CEO. “Our performance in the second quarter was driven by opportunities in our new high-growth and traditional PC businesses. Looking ahead, we will continue to deliver a strong value proposition to our established customers and also reach new customers as we diversify our business. We expect significant revenue growth and a return to profitability in the third quarter.”
Q2 2013 Highlights:
- AMD revenue $1.16 billion, increased 7 percent sequentially and decreased 18 percent year-over-year
- Gross margin 40 percent
- Operating loss of $29 million, net loss of $74 million, loss per share of $0.10
- Non-GAAP operating loss of $20 million, net loss of $65 million, loss per share of $0.09
Photo Credit: Flickr/SimCity Research Laboratory
