As well as a substantial jump in revenues driven by sales of its microprocessor and flash products, the chipmaker issued a positive forecast for the crucial fourth quarter.
Total sales in the quarter ending September 28 were $953.8 million, a rise of 87.7% on the year. This produced an operating loss of $30 million, a substantial improvement on last year’s $325.2 million loss. Net loss was $31.2 million, compared to last year’s $254.2 million loss. The loss per share was $0.09. On an EBITDA basis, the company made a profit of $277 million.
This has been a crucial year for AMD, with the launch, at last, of its 64 bit processor families, Opteron and Athlon 64. The company said it had seen strong demand for both lines, and it said its computational products group was profitable in the quarter.
For the fourth quarter, it expects processor and flash sales to increase based on normal seasonality. At the same time, it expects its operating costs, and hence its break-even point, to remain around the $1 billion mark it has previously set.
AMD clearly hopes that barring some unforeseen setback; it will be able to claw its way back into the black in the fourth quarter.
For the year to date, AMD’s sales rose 15.1% to $2.3 billion, while last year’s net loss of $448.3 million was trimmed to a $317.7 million loss this year.
This article was based on material originally published by ComputerWire.
