AMD reports record Q1 revenue

[veri745]

http://www.marketwatch.com/story/am...arter-revenue-2010-04-15?reflink=MW_news_stmp

SUNNYVALE, Calif., Apr 15, 2010 (BUSINESS WIRE) --
--Net income $257 million, EPS $0.35, operating income $182 million
--Non-GAAP net income $63 million, EPS $0.09, operating income $130 million
--Gross margin 47% and non-GAAP gross margin 43%
--First quarter 2010 results reflect the deconsolidation of GLOBALFOUNDRIES

*edit*
I don't know why it wasn't included in the first couple lines of the article, but:
--AMD Q1 2010 Revenue $1.57B

 

[Phynaz]

And their stock price tanks 5%

 

[wlee15]

And their stock price tanks 5%

What do you mean their stock is at a 52 week high?

 

[the kernel]

Remember, this includes $325 million from divesting GlobalFoundries which helps make this quarter look a lot better than it actually was. Still, they booked a profit which is good.

 

[Dekasa]

AWESOME!!!!!

Seriously, if you're not really happy with this, you're not a true enthusiast.

 

[JeffreyLebowski]

AWESOME!!!!!

Seriously, if you're not really happy with this, you're not a true enthusiast.

You mean they'll have money to actual put forth a good product now?

 

[soccerballtux]

You mean they'll have money to actual put forth a good product now?

Ph2 isn't a good product? It's all the processing power we need to game...

 

[OBLAMA2009]

im glad someone is buying their crap

 

[wlee15]

Remember, this includes $325 million from divesting GlobalFoundries which helps make this quarter look a lot better than it actually was. Still, they booked a profit which is good.

It's not due to the divestiture of GlobalFoundries but rather the change from the Consolidation method of accounting to the equity method of accounting for AMD share of Globalfoundries.

 

[Apocalypse23]

Great news for AMD, but just puny when looking at Intel's $10.3 billion Q1 revenue :
http://www.fudzilla.com/content/view/18458/1/

 

[ShawnD1]

Great news for AMD, but just puny when looking at Intel's $10.3 billion Q1 revenue :
http://www.fudzilla.com/content/view/18458/1/

Forget beating Intel. Their immediate goal is to pay off debt and try to hold off bankruptcy. I really hope they pull through.

 

[piesquared]

Bankruptcy isn't even a remote concern. It simply won't happen, and all the wishful thinking of some won't achieve anything.

 

[ShawnD1]

Bankruptcy isn't even a remote concern. It simply won't happen, and all the wishful thinking of some won't achieve anything.

They were posting billion dollar losses for a few years there. Eventually people stop lending you money when it looks like there's no hope of paying it back.

 

[Xcobra]

Good for them.

 

[HurleyBird]

They were posting billion dollar losses for a few years there. Eventually people stop lending you money when it looks like there's no hope of paying it back.

Those billion dollar losses were mostly write-offs, not as much losing money as revaluing certain (mostly ATI related) aspects of the company.

 

[Pederv]

im glad someone is buying their crap

Better than the alternative, which is supporting organized crime.

 

[microAmp]

I'm shocked, for 3 1/2 years and they never had a profit until now; excluding the Intel money in 2009Q4.

 

[Lonyo]

They were posting billion dollar losses for a few years there. Eventually people stop lending you money when it looks like there's no hope of paying it back.

They have something like $2.5b in debt, and then a load of convertible notes I think. Not that terrible, and definitely serviceable.
They did shed a lot of debt when they sold off most of their foundry side.


http://news.moneycentral.msn.com/ticker/article.aspx?Feed=MY&Date=20100416&ID=11418494&Symbol=AMD
That $325m GF payment was a negative, not a positive.

 

[jjmIII]

Better than the alternative, which is supporting organized crime.

While I like Intel, I have to laugh at this very true statement :awe:.

And yes, PhII is a clearly a good product.

 

[nyker96]

and my amd stocks just dropped 7% this morning ... why is good news => bad stocks!?

 

[modestninja]

and my amd stocks just dropped 7% this morning ... why is good news => bad stocks!?

Because of the charges against Goldman Sachs pretty much every stock is down... Also, I'm sure a lot of people are taking profits on AMD after the recent run up.

 

[Phynaz]

and my amd stocks just dropped 7% this morning ... why is good news => bad stocks!?

It's the deeper meaning of the numbers. Their sales delta isn't as large as Intel's therefore it is presumed they are losing market share.

 

[formulav8]

Its the market in general that is causing some of the AMD/Intel stocks being lower.

I acutally sold off most of my AMD stock a couple weeks ago at $9.45/share. I paid $6.20(or was it $5.80??)/share so I came out pretty good

Now if my intel stock would get alittle bit higher so I can get a decent profit from them. I especially need Mattel to get the ball rolling. I've had that stock for 3-4 years now and I still couldn't make much of a profit if I sold now. Thats one stock I should not have bought! At least its been going up lately...


Jason