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AMD's third quarter results show that the company's financial position is slowly bouncing back. The third quarter brought in revenue of 1.776 billion. Doll., including the amount of 191 million. Doll., received for licensing technical processes. Compared to the second quarter, an increase of 32% was recorded. If we compare the income for the third quarter of this year with the data for the same period last year, the growth is 14%. The specified value of income exceeds the expectations of analysts, who estimated it at 1.48 billion. Doll.
It has not yet been possible to reach a positive value of the difference between income and expenses. In the report, the company showed a net loss of 67 million. Doll. At the same time, the profit from continuing operations was 41 million. Doll., whereas in the last quarter and a year ago this indicator was negative - losses were equal to 269 and 344 million. Doll. respectively.
Gross margin (the difference between revenue from sales and cost of sales) in the third quarter was 51% (45% less profit from licensing of production technology). This is noticeably better than the indicator of the second quarter of this year - 37% and the third quarter of last year - 41%.
As for the success of individual divisions of the company, the bulk of the income, as before, came from the release of microprocessors - the income from this type of activity amounted to 1.391 billion. Doll., which is 26% more than in the last quarter and 8% more than a year ago. It is significant that the average selling price of microprocessors has not changed. Graphics sales (including royalties from game console makers) brought in 385 million. Doll., which is 55% more than in the second quarter and 40% more than in the third quarter of last year. The average selling price of GPUs continued to rise.
AMD expects to generate revenue roughly equal to Q3 revenue in Q4.