AMD Q2 2013 losses total $74 million from revenues reaching $1.16 billion with 7% Q-o-Q growth (or -18% Y-o-Y decline) as it sees falling graphics product shipments and a sequential increase in computing products.
However the company says it is still on the way to growth, and should become profitable in Q3 2013.
"Our focus on restructuring and transforming AMD resulted in improved financial results," AMD CEO Rory Read says. "Our performance in Q2 2013 was driven by opportunities in our new high-growth and traditional PC businesses. Looking ahead, we will continue to deliver a strong value proposition to our established customers and also reach new customers as we diversify our business"
Reveues from the AMD Computing Solutions (CS) segment (covering CPUs, APUs, chipsets, embedded processors and server chips) total $841 million with 12% Q-o-Q growth (and Y-o-Y declines of -20%), with by higher notebook, server and desktop unit shipments driving sequential growth.
Operating income reaches $2m, an improvement over the $39m losses of Q1 2013-- if with a benefit from reserved inventory sales worth $11m.
Client microprocessors ASPs see Q-o-Q declines due to product mix in the quarter, while chipset revenues remain flat.
Meanwhile Graphics and Visual Solutions (GVS) revenues drop by -5% Q-o-Q (and -16% Y-o-Y) to $320m, with breakeven operating income compared to $16m in Q1 2013 and $31m in Q2 2012.
For Q3 2013 AMD hopes revenues will grow by 22% (+/-3%) Q-o-Q through the ramp up of next-gen consoles, with operating expenses reaching $450m and gross margin of around 36%.
