AMD Reports Second Quarter Results

by Marco Chiappetta — Friday, July 21, 2006, 09:00 AM EDT

AMD REPORTS SECOND QUARTER RESULTS

- 53 Percent Year-over-Year Sales Growth Driven by Record Adoption of AMD Opteron Processors -

SUNNYVALE, Calif. - July 20, 2006 - AMD (NYSE: AMD) today reported sales of $1.22 billion, operating income of $102 million, and net income of $89 million, or $0.18 per share, for the quarter ended July 2, 2006. These results include $18 million of employee stock-based compensation expense and a net gain of $10 million associated with Spansion LLC.'s repurchase of its 12.75 percent senior subordinated notes.

In the second quarter of 2005, excluding the Memory Products segment, AMD reported sales of $797 million and operating income of $83 million. In the first quarter of 2006, AMD reported sales of $1.33 billion and operating income of $259 million.

				Change
	Q2-06	Q1-06	Q2-05¹	Q2-06 vs Q1-06	Q2-06 vs Q2-05
Net Sales (billions)	$1.22	$1.33	$.80	(8.7)%	52.6%
Operating Income (millions)	$102	$259	$83	(60.6)%	22.9%
Gross Margin	56.8%	58.5%	58.0%	(1.7)% points	(1.2)% points

"While we achieved 53 percent year-over-year sales growth and recorded our twelfth consecutive quarter of greater than 20 percent year-over-year microprocessor sales growth, we are dissatisfied by not reaching our second quarter sales target," said Robert J. Rivet, AMD's chief financial officer. READ MORE...

Tags: AMD, eco, Report, results, SEC, port, art, LTS, ULT, RT, RTS, AR, AM

Marco Chiappetta

Marco's interest in computing and technology dates all the way back to his early childhood. Even before being exposed to the Commodore P.E.T. and later the Commodore 64 in the early ‘80s, he was interested in electricity and electronics, and he still has the modded AFX cars and shop-worn soldering irons to prove it. Once he got his hands on his own Commodore 64, however, computing became Marco's passion. Throughout his academic and professional lives, Marco has worked with virtually every major platform from the TRS-80 and Amiga, to today's high end, multi-core servers. Over the years, he has worked in many fields related to technology and computing, including system design, assembly and sales, professional quality assurance testing, and technical writing. In addition to being the Managing Editor here at HotHardware for close to 15 years, Marco is also a freelance writer whose work has been published in a number of PC and technology related print publications and he is a regular fixture on HotHardware’s own Two and a Half Geeks webcast. - Contact: marco(at)hothardware(dot)com