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AMD Announces Preliminary Third Quarter Results

Discussion in 'News' started by btarunr, Sep 29, 2011.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    AMD (NYSE: AMD) 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 company 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 margin 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 technology nodes. AMD continues to work closely with its key partner GLOBALFOUNDRIES to improve 32nm yield performance in order to satisfy strong demand for AMD products.

    The less-than-forecasted preliminary third quarter 2011 gross margin results are primarily due to less-than-expected supply of "Llano" and associated products with higher average selling price (ASP). Additionally, shipments of AMD's next-generation server processor, codenamed "Interlagos", occurred later in the third quarter than originally anticipated.
    AMD will report third quarter 2011 results after market close on Thursday, Oct. 27, 2011. AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) that day to discuss third quarter financial results and to provide information regarding expected fourth quarter results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page at http://www.amd.com. The webcast will be available for 10 days after the conference call.
     
  2. Lionheart

    Lionheart

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    Screw profits, I want silicon AMD with a bulldozer imprinted on it ^_^
     
  3. NC37

    NC37

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    So Llano was in limited supply? Sure seemed like it's been doing well. Although I know they didn't have the entire line at launch.
     
  4. TheLaughingMan

    TheLaughingMan

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    Well it is a good sign that they didn't sell more because they simple didn't have the chips available at the time. Those deals will still go through and show up on the fourth quarter.

    They simply were doing too much at once. Llano should have been pushed up a little more. I don't know about Interlagos, its market, etc. so I can't comment on that.
     
  5. xenocide

    xenocide

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    I like that they used percentages rather than any actual numbers, because we wouldn't want any measurable metric >.>
     
  6. Steevo

    Steevo

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    Yeah, cause determining real numbers off existing numbers and percents is impossible. :rolleyes:
     
    10 Million points folded for TPU
  7. xenocide

    xenocide

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    I have no energy for that! :p
     
  8. [H]@RD5TUFF

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    It's good that they expect higher earnings, I hope it turns out true my portfolio could use some growth after the last 2 years.
     
  9. HumanSmoke

    HumanSmoke

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    Not so sure about that myself.
    The big sales are to OEM's. How many delays, missed delivery dates/SKU's are the big laptop vendors going to let slide while the rest of their componentry sits around not producing revenue?
    Given AMD's slipping schedules, over-enthusiastic forecasts, and GloFo's crappy yields, I'd think that OEM's especially will be hedging their bets on future orders and/or build in some stiff penalties for non-fulfillment of orders.
    I'm not sure that that sentiment is totally reassuring to the larger vendors, since individual consumers with demonstrably lesser financial investment are less than happy about AMD's CPU/APU availability
     
  10. TheLaughingMan

    TheLaughingMan

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    OEM's were not the ones that got shorted chips, we did. Places like Newegg.com and locations we would buy individual chips. Notice we only got two chips, but laptop makers got around 5 different models around the same time.
     
  11. HumanSmoke

    HumanSmoke

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    From my perspective I have found that most of the top SKU's are about as prevalent as rocking-horse sh*t.
    Don't see a hell of a lot of A8-3530MX lappies for sale at the moment (HP DV6-6124ca, DV6z-QE for example) - and if HP, Lenovo, Toshiba, Acer, Asus et al aren't getting them, then which OEM is?
    There seems to be some availability for A8-3510, 3500...but I still wouldn't say it was by any means wide ranging.
     
  12. TheLaughingMan

    TheLaughingMan

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    Well I am glad you know there are only like 2 A8-3500 processors for laptops out. You may want to include the A6 and A4 chips which include the A6-3400M, A4-3300M, A4-3310MX, and A6-3410MX. These were all released around the same time the A8-3850 and A6-3650 desktop chips were released iirc.
     
  13. twilyth Guest

    This is the only phrase I care about - "in order to satisfy strong demand for AMD products"

    I have options on AMD that expire in Jan. that look to be a complete loss at the moment. But if they can pull it together for Xmas, they might rock their 4th quarter. Would be interested in how well they are progressing with the 32nm issues.
     
  14. de.das.dude

    de.das.dude Pro Indian Modder

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    amd is literally screaming "FU Global Foundries!!!" (plz imagine a rage comic as well)
     

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