AMD Announces Preliminary Third Quarter Results
SUNNYVALE, CA (Marketwire 09/28/11) AMD (NYSE: AMD News) today announced that revenue for the third quarter ending Oct. 1, 2011 is expected to increase four to six percent as compared to the second quarter of 2011. The c Burberry Factory ompany previously forecasted third quarter 2011 revenue to increase 10 percent, plus or minus two percent, from the second quarter of 2011.
In addition, AMD expects third quarter gross margin to be approximately 44 to 45 percent. The company previously forecasted third quarter 2011 gross m Burberry Factory argin to be approximately 47 percent.
The less than forecasted preliminary third quarter 2011 revenue results are primarily due to 32 nanometer (nm) yield, ramp and manufacturing issues at GLOBALFOUNDRIES in its Dresden, Germany factory that limited supply of “Llano”. Additionally, 45nm supply was less than expected due to complexities related to the use of common tools across both Burberry Factory technology nodes. 27, 2011. ET) that day to discuss third quarter financial res Burberry Factory ults and to provide information regarding expected fourth quarter results. The webcast will be available for 10 days after the conference call.
AMD (NYSE: AMD News) is a semiconductor design innovator leading the next era of vivid digital experiences with its groundbreaking AMD Fusion Accelerated Processing Units (APUs) that power a wide range of computing devices. AMD’s server computing products are focused on driving industry leading cloud computing and virtualization environments. AMD’s superior graphics technologies are found in a variety of solutions ranging from game consoles, PCs to supercomputers.