AMD Reports Second Quarter Results
AMD REPORTS SECOND QUARTER RESULTS
- 53 Percent Year-over-Year Sales Growth Driven by Record Adoption of AMD Opteron Processors -
SUNNYVALE, Calif. - July 20, 2006 - AMD (NYSE: AMD) today reported sales of $1.22 billion, operating income of $102 million, and net income of $89 million, or $0.18 per share, for the quarter ended July 2, 2006. These results include $18 million of employee stock-based compensation expense and a net gain of $10 million associated with Spansion LLC.'s repurchase of its 12.75 percent senior subordinated notes.
In the second quarter of 2005, excluding the Memory Products segment, AMD reported sales of $797 million and operating income of $83 million. In the first quarter of 2006, AMD reported sales of $1.33 billion and operating income of $259 million.
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Change |
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Q2-06 |
Q1-06 |
Q2-051 |
Q2-06 vs Q1-06 |
Q2-06 vs Q2-05 |
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Net Sales (billions) |
$1.22 |
$1.33 |
$.80 |
(8.7)% |
52.6% |
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Operating Income (millions) |
$102 |
$259 |
$83 |
(60.6)% |
22.9% |
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Gross Margin |
56.8% |
58.5% |
58.0% |
(1.7)% points |
(1.2)% points |
"While we achieved 53 percent year-over-year sales growth and recorded our twelfth consecutive quarter of greater than 20 percent year-over-year microprocessor sales growth, we are dissatisfied by not reaching our second quarter sales target," said Robert J. Rivet, AMD's chief financial officer. READ MORE...
