AMD Q3 revenue reaches $1.62B on strong notebook sales

AMD logoAMD has posted its third-quarter financial information, with revenues reaching $1.62 billion. The company reported a $118 million net loss, amid falling average selling prices (ASPs) and weaker-than-expected demand.

Despite the weak demand, AMD's Computing Solutions segment revenue showed a 13 percent increase over the same quarter last year. The performance was attributed to record shipments of notebook components.

The company's graphics products showed similar success, increasing 33 perceont over the same quarter last year. AMD claims the jump was driven by an increase in GPU shipments from last year, however a decrease in mobile GPU sales from the recent quarter brought overall graphics revenue down by 11 percent sequentially.

Competitor Intel also cited a slowdown in consumer demand, but the company still posted a record $11.1 billion in revenue. AMD expects its revenue to be approximately flat for the fourth quarter, while Intel expects a modest increase.

Source: electronista

 

Tags: AMD

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