AMD First Quarter Finances Drop

Both the computing and graphics businesses exhibit a decline in revenue

By on April 26th, 2012 08:30 GMT

Now that the first quarter of 2012 is over and done with, Advanced Micro Devices is taking its turn at saying what is what on a financial level.

Apparently, the January-March period wasn't the most productive, with revenue going down all around, according to the company's press release.

On the so-called “Computing Solutions segment”, revenue was flat year-over-year, even though Q1, 2011 had 14 weeks instead of 13.

Alas, there was a decline sequentially, by 8%, although the operating income didn't do all that bad, reaching $124 million / 93.76 million Euro.

For comparison, 4Q11 yielded $165 million / 124.77 million Euro, while 1Q11 brought $100 million / 75.62 million Euro.

Meanwhile, the graphics segment was flat sequentially but revenue was 7% lower on-year, although operating income was, again, higher: $34 million / 25.71 million Euro, quite a bit above the $27 million / 20.41 million Euro of 4Q11 and the $19 million / 14.36 million Euro of 1Q11.

“AMD delivered solid results in the first quarter as we remain focused on improving our execution, delivering innovative products, and building a company around a strategy to deliver strong cash flow and earnings growth,” said Rory Read, AMD president and CEO.

“A complete top-to-bottom introduction of new APU offerings, combined with ample product supply resulting from continued progress with our manufacturing partners, positions us to win and grow.”

Alas, after factoring in all business decisions, transaction and whatever else, AMD's revenue reached $1.59 billion / 1.20 billion Euro. That's 6% lower sequentially and 2% lower on-year. In other words, there was a net loss of $590 million, or 446.15 million Euro.

That said, the Sunnyvale, California-based maker of CPUs, APUs and GPUs expects the second quarter to end on a higher note, with a 3 percent revenue increase sequentially. Go here for all the numbers.

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