Intel thrash AMD in Q2 2008 financial performance

Jul 17, 2008
Intel thrash AMD in Q2 2008 financial performance

The figures are out, and the winners in the ongoing silicon battle are Intel as rivals AMD post a net loss of $1.189 billion for Q2 2008.  While Intel have announced record second-quarter revenue of $9.5 billion, operating income of $2.3 billion and net income of $1.6 billion, AMD's Q2 2008 revenue from continuing operations was just $1.349 billion.

The bulk of AMD's troubles come from the scything off of its handheld and DTV product businesses, which accounted for $920 million of the net losses.  Overall, it was a seven-percent decrease from Q1 2008 performance, and a three percent increase on Q2 2007 performance.

Intel, meanwhile, managed an nine-percent increase in revenue year-over-year, and a massive increase in operating income of 67-percent year-over-year.  The company credits strong demand in all areas of business for the performance, which was at the top end of expectations.

AMD, meanwhile, are optimistic for Q3; they claim adoption of their current product line of processors and graphics cards is "strong", leading them to conclude that there is "increasing momentum across our businesses."

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