AMD beats Q2 expectations

The semiconductor-maker once again saw a net loss for the quarter but expects revenue to keep building.
Written by Stephanie Condon, Senior Writer

AMD on Thursday reported a net loss of $40m for the second quarter, or 5 cents a share, on revenue of $1.027bn. The semiconductor maker posted a non-GAAP operating income of $3m.

The second quarter earnings report beat Wall Street expectations, which predicted a loss of 8 cents a share on revenues of $951.6m.

"In the second quarter we accomplished a significant milestone as we returned to non-GAAP operating profitability based on solid execution and strong demand for our semi-custom and graphics products," CEO Lisa Su said in a statement. "Based on the strength of our semi-custom products and demand for our latest Radeon RX GPUs and seventh-generation A-Series APUs, we are well positioned to drive growth and market share gains in the second half of the year."

As for outlook, the company said it expects revenue to increase somewhere between 15 percent and 21 percent sequentially for Q3.

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