AMD reports second-quarter sales rise

Advanced Micro Devices (AMD) has reported a small net loss and increased revenue for the second quarter compared with last year,...

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Advanced Micro Devices (AMD) has reported a small net loss and increased revenue for the second quarter compared...

with last year, and have forecasted revenue growth for the third quarter.

Net loss at the chip maker amounted to $140m (£88m). The company posted a net loss of $185m (£116m) in the same period last year.

Second quarter sales came in at $645m (£404m), up from $600m the year before, AMD said. Analysts had forecasted second-quarter sales of $614m.

Sales were down quarter on quarter. The company was hurt by the outbreak of Sars and had experienced weaker-than-expected sales into the channel in some markets. AMD reported a first-quarter 2003 loss of $146m (£92m) and sales of $715m (£448m).

PC processor sales reached $402m (£252m) in the second quarter, up 7% year on year, but down 14% from the $468m reported in the first quarter.

Sales to top-tier PC makers were strong, but more than offset by a decline in the Asian and European desktop PC market.

Second-quarter flash memory sales were at $211m (£132m), up 20% year on year, but down slightly from $218m in the first quarter.

Asian sales were hurt by Sars, but that was compensated for by increased memory sales in Europe and North America, AMD said.

AMD said it expected a revenue increase in the third quarter, even though the economic and industry conditions remain uncertain.

Processor sales should be up based on the time of year and increased shipments of the Opteron processor and the first Athlon64 processors.

Sales of flash memory are expected to rise as a result of market share gains in the Asian mobile phone market and its joint venture with Fujitsu, AMD said.

Joris Evers writes for IDG News Service



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