Tech
AMD's Q2 better than expected; sees Q3 profit ahead
AMD CEO Rory Read says the company aims to deliver "significant revenue growth and a return to profitability in the third quarter."
![larry-dignan-eic.jpg](https://www.zdnet.com/a/img/resize/ad5eaccb545ef683588243a9891d5f678df042df/2017/04/26/eb462fe7-e39e-43ba-abbd-c4ca2442306e/larry-dignan-eic.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
AMD's second quarter featured losses and a 18 percent decline in revenue, but came in better than estimates.
The company reported a second quarter loss of $74 million, or 10 cents a share, on revenue of $1.16 billion. The non-GAAP loss was 9 cents a share in the quarter.
Wall Street was looking for a loss of 12 cents a share on revenue of $1.11 billion.
In a statement, AMD CEO Rory Read said restructuring efforts have paid off and the company aims to deliver "significant revenue growth and a return to profitability in the third quarter."
The company's traditional CPU business showed improvement over the first quarter. Graphics chips were off from a year ago. The company ended the quarter with 9,928 employees, down from 11,737 a year ago.
![amd071813a](https://www.zdnet.com/a/img/resize/fff04d86eac354aa029423f88b7d0649b7765c75/2014/10/05/45d16cee-4c44-11e4-b6a0-d4ae52e95e57/amd071813a.png?auto=webp&width=1280)