Athlon sales power strong AMD Q1 results

Athlon sales power strong AMD Q1 results

US chip maker Advanced Micro Devices yesterday posted bullish fiscal first-quarter results, boosted in part by strong sales of its Athlon processors.

For the quarter ended April 2, 2000, AMD reported net income of $US189.3 million, or $1.15 per diluted share. In the previous quarter, AMD reported net income of $65 million, or 43 cents per share. The latest earnings compared with a net loss of $128.4 million, or 88 cents per share, in the same period last year.

AMD posted record sales of $1.09 billion, a 73 per cent jump in sales from $631.6 million in the year-ago quarter.

The chip maker's quarterly results bested Wall Street expectations by a long shot. A consensus of 15 analysts polled by First Call/Thomson Financial predicted AMD would post earnings per share of 57 cents.

The quarter was the best in the company's history, Jerry Sanders, AMD's chairman and CEO, said in a statement issued yesterday.

Sales of Athlon processors increased by 50 per cent to 1.2 million units, Sanders said. PC-related revenues grew 14 per cent sequentially and by more than 65 per cent over the first quarter of 1999, Sanders said in the statement. Total unit sales reached a record of 6.5 million units.

AMD reported sales of flash memory devices at $327 million, an increase of 19 per cent from the previous quarter and a more than 150 per cent increase from the same quarter last year, the chip maker said.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.


Show Comments