AMD has announced its quarterly earnings on a press conference late Thursday and the company seems to be recovering from years of financial issues caused by the ATI takeover and Globalfoundries launch.
AMD announced revenue of $1.65 billion and a net loss of $43 million, or $0.06 per share. The company reported operating income of $125 million, with non-GAAP net income of $83 million and non-GAAP operating income of $138 million.
Despite the fact that AMD is still reporting a slight loss, it is quite clear that the numbers are improving across the board, thanks to a series of successful products introduced over the past several quarters.
Gross margin was 45 percent, CPU average selling prices remained flat sequentially, but increased year-over-year. This indicates that AMD has managed to regain some ground in the mid-range and high-end CPU market, mainly thanks to its affordable yet powerful Phenom II and Athlon II processors.
The news gets even better in the graphics segment. Revenue increased 8 percent sequentially and 87 percent year-on-year. AMD reported record GPU shipments and operating income of $33 million. The company managed to ship 16 million HD 5000 series parts over the past three quarters. Also, the fact that Nvidia has been struggling to introduce its DX11 hardware over the same period bodes quite well for AMD. So far, Nvidia DX11 shipments appear to be in the hundreds of thousands rather than millions.