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.

Written by Adrian Kingsley-Hughes, Contributing Writer on July 17, 2008

AMD reports a 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 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.

Show Comments

Apple politely explains why iPhone cases are a waste of money

Apple

The 8 best iPhone models of 2022