AMD reports that revenue for the second quarter of 2009 reached $1,184-billion, flat compared the first quarter of 2009 but down 13% compared to the second quarter of 2008.

“The AMD product company successfully executed its product and technology roadmaps in the first half of the year, including introducing the Six-Core AMD Opteron processor months ahead of schedule. While we increased cash, exceeded our revenue plan and reduced operating expenses in the second quarter, gross margin was disappointing,” says Dirk Meyer, AMD president and CEO.
“New platform, microprocessor and graphics introductions planned for the second half of 2009 position us well to improve margins and meet our financial goals for the year.”
In the second quarter of 2009, AMD reported a net loss attributable to AMD common stockholders of $330-million or $0,49 per share, which includes the net favorable impact of $86-million, or $0,13 per share, primarily from the sale of inventory written-down in the fourth fiscal quarter of 2008. AMD’s operating loss was $249-million.
In the first quarter of 2009, AMD had revenue of $1,177-billion, a net loss attributable to AMD common stockholders of $416-million and an operating loss of $298-million. In the second quarter of 2008, AMD had revenue from continuing operations of $1,362-billion, a net loss attributable to AMD common stockholders of $1,195-billion and an operating loss of $569-million.
In the second quarter of 2009, AMD Product Company reported a non-GAAP net loss of $244-million and a non-GAAP operating loss of $205-million. In the first quarter of 2009, AMD Product Company reported a non-GAAP net loss of $189-million and a non-GAAP operating loss of $123-million.
Second quarter 2009 AMD gross margin was 37 percent, including a positive impact of 8 percentage points due to a $98-million benefit from the sale of inventory written down in the fourth quarter of 2008.  First quarter 2009 AMD gross margin was 43%, including a positive impact of 5 percentage points due to a $64-million benefit from the sale of inventory written down in the fourth quarter of 2008.  Second quarter 2009 AMD Product Company non-GAAP gross margin was 27% compared to 35% in the prior quarter.