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AMD posts a Q2 revenue of $942m compared to Intel's $13.2b

AMD reports a second quarter revenue of $942 million and an operating loss of $137 million - compared to Intel's $13.2 billion revenue
By: Chris Smith | Business, Financial & Legal News | Posted: Jul 20, 2015 1:33 pm
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It's currently AMD versus the world in online press, with the company coming under scrutiny for some product releases as of late. AMD has published press release showing a second quarter 2015 report brandishing an operating loss of $137 million and net loss of $181 million.

 

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With a total revenue of $942 million, this is compared to Intel's seven-times higher revenue of $13.2 billion over the same period. AMD CEO Dr. Lisa Su explained that her results were due to "strong sequential revenue growth in our EESC segment and channel business" being simply "not enough to offset near-term challenges in our PC processor business due to lower than expected consumer demand that impacted sales to OEMs."

 

Committing to long-term targets, goals and plans, AMD expects to see an increase of around 6 percent next quarter, hoping for an improvement on the current statistics which are "down 8 percent sequentially and 35 percent year-over-year." These further losses were again explained to be mainly to be due to a weaker than expected consumer PC demand resulting in low APU shipments.

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