AMD posts seventh straight quarterly loss

Today AMD reported a loss of $1.19 billion on revenues of $1.35 billion for Q2 08. Compare this to a year-ago net loss of $600 million on revenues of $1.31 billion.

AMD reports a seventh straight quarterly loss.

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Today AMD reported a loss of $1.19 billion on revenues of $1.35 billion for Q2 08.  Compare this to a year-ago net loss of $600 million on  revenues of $1.31 billion.

AMD has reported losses for seven straight quarters, since Q3 06.  Over the seven quarters AMD has lost a staggering $5.5 billion.

Markets have reacted badly to this news and at the time of writing (3:20pm PDT) AMD stock is down 6.8% in after hours trading.

Larry Dignan has more information, including details of how the company is restructuring to try to get back to profitability.