AMD's Q2 2012 shows signs of decline, with "softer-than-expected" sales in Europe and China together with a weak economy causing a -11% Q-o-Q decrease in revenues.
The company had earlier forecast 3% Q-o-Q growth for the quarter. It also expects Q2 gross margin to be "approximately in line" with earlier forecasts.
The European decline is not too surprising considering the current economic situation. Hitting AMD particularly hard is the fact it sells to the lower end of the PC market.
AMD also faces competition from the latest Intel PC and server chips.
Back in Q1 2012 AMD posted losses worth $590 million.