Hardware Canucks - AMD reports another hefty loss: $358 million in Q1

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AMD reports another hefty loss: $358 million in Q1

Sunnyvale (CA) - AMD today reported another painful quarterly loss today in what the company called a “difficult start into the year”. Losses occurred across all business units, with the missing Barcelona an “increased consumer exposure” being blamed on a loss of $358 million. Over the past six quarters, AMD has lost $4.3 billion.

Quote:

Originally posted in TG Daily
The loss included $50 million in AT-related charges, $8 million from the firm’s graphics unit and $11 million from consumer electronics operations. Revenue was $1.51 billion, about $500 million less than what is generally believed the company currently needs to hit a break even at its current cost structure.

The Q1 revenue was 22% above the Q1 2007 result, but 15% below of Q4 2007. The loss dropped from $611 million in Q1 2007 and $1.77 billion in Q4, which included a $1.68 billion write-off due to the decreased value of the ATI acquisition.

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It's nobody's fault but their own. Their products just didn't perform as well as the competition.

The loss isn't that bad considering previous quarters and don't forget they weren't shipping any Opteron's during that quarter, now that B3 silicon is available they'll be able to sell processors in the server market, dual and quad socket-able processors don't represent a big part of sold processors but profit-wise it's a very important market.