14 DAY TRIAL // The financial situation of Advanced Micro Devices has been precarious for some time. So despite how demoralizing it sounds, we aren't that shocked to learn that AMD, once again, lost more money than it made.
Sure, revenues rose, sequentially, by 7 percent, which means that AMD actually sold more products in the April-June period than in the first quarter.
Sadly, that wasn't enough to turn a profit, leaving the Sunnyvale, California-based company with a loss of $74 million / €56 million.
Also, compared to the second quarter of 2012, Advanced Micro Devices suffered a drop in revenue of 18%.
All these things considered, it says a lot about AMD's hardships that the company has actually beat estimates and feels that its financial free-fall has slowed down.
"Our focus on restructuring and transforming AMD resulted in improved financial results," said Rory Read, AMD president and CEO.
"Our performance in the second quarter was driven by opportunities in our new high-growth and traditional PC businesses. Looking ahead, we will continue to deliver a strong value proposition to our established customers and also reach new customers as we diversify our business. We expect significant revenue growth and a return to profitability in the third quarter."
In the third quarter, AMD's financial situation will depend on how well its accelerated processing unit line behaves, as well as shipments of things like the Opteron 3356 CPU and, of course, sales of computers powered by the 5 GHz and 4.7 GHz FX CPUs.
The AMD Elite Performance, AMD Mainstream and AMD Elite Mobility A-Series APUs came out only last month, which is why they didn't really impact AMD's quarterly performance.
Finally, being the provider of chips for all three game consoles (Nintendo Wii U, Sony PS4, and Microsoft Xbox One) will help it out a lot as well.