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AMD reported for the second quarter and decided to separate part of the business

AMD publishes Q2 2021 report. Income from continuing operations amounted to 1.349 billion. Doll., which is 7% less than in the first quarter, but 3% more than a year ago. As part of its previously announced manufacturing restructuring strategy, AMD has decided to spin off its handheld and digital TV product development and production division and not include its results in the financial statement as a discontinued operation.

For the quarter, AMD suffered losses in the amount of 1.189 billion. Doll. Continuing operations account for 269 million. Doll., losses from discontinued operations amounted to 920 million. Doll., including an impairment loss of $ 876 million. Doll.

“Although the quarter was a disappointment financially, consumer response to the recently introduced microprocessors, graphics products and platforms is very strong and we see growing momentum in our operations,” commented Robert J. Rivet, AMD Chief Financial Officer. He also expressed confidence that the company will return to positive balance sheet figures in the second half of the year.

The analysis of individual directions of the company’s activity shows – compared to the first quarter, the income from the sale of microprocessors slightly decreased (-8%), and compared to the second quarter of last year, it did not change. The same picture is typical for quantitative indicators of the volume of supplies and the average selling price of microprocessors. At the same time, revenue from the sale of graphic products, although decreased by 5% in the quarter, increased by as much as 18% compared to the second quarter of last year. In quantitative terms, the volume of supplies decreased slightly compared to the previous quarter, but increased compared to last year. At the same time, the average selling price did not change compared to the first quarter, but decreased compared to last year.

Among its major achievements for the quarter, AMD refers to the release and start of shipments of more than 30 platforms based on Quad-Core AMD Opteron from manufacturers such as Dell, HP, IBM and Sun Microsystems; release of a new generation of graphics processors, including the first processor with a performance of more than one teraflop; debut of a new generation mobile platform; release of new models of microprocessors for desktop, mobile and embedded systems.

In addition, the company notes the following fact – in the next edition of the list of the most productive systems of the Top 500, computers based on AMD Opteron processors occupy three out of five and seven out of 20 first places.

Source: AMD

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