Or lack thereof in some cases.
In the last 24 hours both AMD and Intel have released their respective Q2 financial reports and they make for some interesting reading. Starting with Intel, the CPU and chipset giant has accrued revenue of $8.7 billion, operating income of $1.35 billion and an overall net income of $1.3 billion. Comparing with this time last year those are respective increases of 8, 26 and 44 per cent. Lastly Intel predicts revenue of between $9 billion and $9.6 billion for Q3 of this year, no doubt expecting its new processor line-up to bolster its already impressive sales. All in all a great time to be an Intel stock holder.
AMD, on the other hand, is probably not as thrilled about its own finance report for the same period. While revenue is good at $1.378 billion, an operating loss of $457 million and overall net loss of $600 million don’t sit so well when compared with Intel’s figures. Of course AMD claims it is still swallowing costs incurred by its acquisition of ATI and has yet to release its rival to Intel’s ‘Core’ architecture in the form of Phenom, due out later this year, so it may yet be able to pull back. We can only hope that AMD can produce something special or we can’t help but wonder where it can go from here.