Latest in Amd

Image credit:

AMD Q2 2013 earnings: net loss of $74 million, expects 'a return to profitability' next quarter

Darren Murph
07.18.13
Share
Tweet
Share
Save

Sponsored Links

First, the rough news: AMD saw just $1.16 billion in revenue for its Q2 2013, and actually took a net loss of $74 million (and an operating loss of $29 million). That's an 18 percent decrease in revenue year-over-year, but CEO Rory Read says that things are looking up. "Our focus on restructuring and transforming AMD resulted in improved financial results," noting that AMD "expects significant revenue growth and a return to profitability in the third quarter."

That's a pretty bold statement given the continued decline in the PC market, but the outfit's graphical department seems to be doing fairly well. In fact, AMD's Graphics reportable segment has been renamed Graphics and Visual Solutions, and the outfit gleefully points out that AMD silicon is baked inside of the Wii U, Sony's upcoming PlayStation 4 and Microsoft's Xbox One. What isn't precisely clear, however, is the expected market change that'll finally turn the tide for AMD -- the world's watching for Q3, folks.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Drako's GTE electric supercar will be a four-motor, 1,200HP monster

Drako's GTE electric supercar will be a four-motor, 1,200HP monster

View
Nintendo says there is no Switch exchange program

Nintendo says there is no Switch exchange program

View
IKEA creates a business unit devoted to smart home tech

IKEA creates a business unit devoted to smart home tech

View
US will reportedly give Huawei another temporary reprieve

US will reportedly give Huawei another temporary reprieve

View
The next Apple Watch may come in titanium and ceramic models

The next Apple Watch may come in titanium and ceramic models

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr