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AMD Reports Third Quarter Results SUNNYVALE, CA, Oct 27, 2011 (MARKETWIRE via COMTEX) -- AMD (NYSE: AMD) * AMD revenue $1.69 billion, 7 percent sequential increase and 4 percent increase year-over-year * Net income $97 million, earnings per share $0.13, operating income $138 million * Non-GAAP(1) net income $110 million, earnings per share $0.15, operating income $146 million * Gross margin 45 percent * More than 60 percent sequential increase in mobile Accelerated Processor Unit (APU) shipments drives record mobile microprocessor revenue and unit shipments
The sequential revenue increase was driven primarily by: • Record Mobile processor revenue and unit shipments, partially offset by lower Desktop processor revenue due to lower 45 nm supply, and • Seasonally higher revenue in the Graphics segment. Gross margin was 45%, down one percentage point quarter-over-quarter due to: • Lower-than expected supply of 45nm products, • Lower-than expected supply of higher-ASP and higher-margin 32nm products, and therefore • A higher percentage of net revenue from our lower-margin GPU business.
AMD expects revenue to increase 3 percent, plus or minus 2 percent, sequentially for the fourth quarter of 2011.
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