AMD today announced revenue for the third quarter of 2011 of $1.69 billion, net income of $97 million, or $0.13 per share, and operating income of $138 million. The company reported non-GAAP net income of $110 million, or $0.15 per share, and non-GAAP operating income of $146 million. “Strong adoption of AMD APUs drove a 35 percent sequential revenue increase in our mobile business,” said Rory Read, AMD president and CEO. “Despite supply constraints, we saw double digit revenue and unit shipment growth in emerging markets like China and India as well as overall notebook share gains in retail at mainstream price points. Through disciplined execution and continued innovation we will look to accelerate our growth and refine our focus on lower power, emerging markets, and the cloud.” Quarterly Summary Gross margin was 45 percent. Cash, cash equivalents and marketable securities balance, including long-term marketable securities, was $1.86 billion at the end of the quarter. Computing Solutions segment revenue increased 6 percent sequentially and 5 percent year-over-year. Sequentially, higher mobile and server microprocessor revenues were partially offset by lower desktop revenue. The year-over-year increase was primarily driven by higher mobile processor and chipset revenue. Operating income was $149 million, compared with $142 million in Q2 11 and $164 million in Q3 10. Microprocessor ASP increased sequentially and decreased year-over-year Leading notebook manufacturers including Acer, ASUS, Dell, HP, Lenovo, Samsung and Toshiba continued to increase global availability of their notebook platforms based on the AMD A-Series APUs, bringing brilliant HD graphics and up to 10.5 hours of battery life to users worldwide. Acer, ASUS, HP, Lenovo, MSI, Samsung, Sony and Toshiba also introduced ultraportable notebooks with improved performance and battery life based on the updated AMD C- and E-Series APUs. AMD introduced the first processors based on the next-generation x86 “Bulldozer” architecture AMD launched the AMD FX series of desktop processors, including the first-ever eight-core desktop processor that enables extreme multi-display gaming, mega-tasking and HD content creation. The 8-core AMD FX desktop processor also set the Guinness World Record for ‘Highest Frequency of a Computer Processor’.10 The next-generation AMD Opteron processor codenamed “Interlagos” began shipping in the quarter and has been integrated into a significant number of new or upgraded supercomputer installations including the High Performance Computing Center Stuttgart, the UK’s National Academic Supercomputer Service, the Swiss National Supercomputing Center and the Department of Energy's (DOE) Oak Ridge National Laboratory (ORNL) “Titan,” which is expected to be one of the world’s fastest supercomputers. AMD announced two advances in its work with the software community to promote development of applications that take full advantage of the computing power found in APUs and discrete graphics processor units (GPUs). AMD announced an AMD Fusion Fund investment in BlueStacks, whose software enables Android applications to run on Windows-based devices. AMD software partner MotionDSP announced that it has optimized the industry-leading Ikena real-time video reconstruction software for OpenCL, to enable a 60 percent improvement on AMD FirePro professional graphics. Graphics segment revenue increased 10 percent sequentially and 4 percent year-over-year. The sequential increase was driven primarily by seasonality in the add-in-board market. The year-over-year increase was primarily driven by increased discrete mobile graphics revenue. Operating income was $12 million, compared with operating loss of $7 million in Q2 11 and operating income of $1 million in Q3 10. GPU ASP increased sequentially and year-over-year. AMD demonstrated the industry’s first 28 nanometer mobile GPU. AMD’s next-generation family of high-performance graphics cards is expected to ship for revenue later this year. AMD launched the AMD Radeon HD 6990M GPU, the world's fastest mobile graphics product11 with support for DirectX 11 gaming, AMD Eyefinity Technology multi-monitor configurations driving up to six monitors, and AMD App Acceleration that enhances the performance of a growing number of games as well as multimedia and productivity applications. AMD expanded the company’s professional graphics solutions to the real-time professional video and broadcast graphics market with the launch of AMD FirePro SDI-Link. Current Outlook AMD’s outlook statements are based on current expectations. The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below. AMD expects revenue to increase 3 percent, plus or minus 2 percent, sequentially for the fourth quarter of 2011. For additional detail regarding AMD’s results and outlook please see the CFO commentary posted at quarterlyearnings.amd.com.