Risultati finanziari per Amd

[Staff]

<br><blockquote><i>SUNNYVALE, CA -- July 14, 2004 --AMD (NYSE: AMD) today reported sales of $1.262 billion and net income of $32 million for the quarter ended June 27, 2004. Net income amounted to $0.09 per diluted share. <p>

Second quarter sales increased by 96 percent from the second quarter of 2003 and increased by two percent from the first quarter of 2004. In the second quarter of 2003, AMD reported sales of $645 million and a net loss of $140 million, or $0.40 per share. In the first quarter of 2004, AMD reported sales of $1.236 billion and net income of $45 million, or $0.12 per diluted share. <p>

“We are pleased to report a ninety-six percent year-over-year increase in sales and solid profitability based on record sales of our leading-edge products,” said Robert J. Rivet, AMD’s chief financial officer. <p>

“We achieved record Spansion™ Flash memory sales in the second quarter and more than tripled operating income from $14 million to $45 million. Spansion maintained clear leadership in the NOR Flash memory market. In addition, accelerating AMD Opteron™ and Mobile AMD Athlon™ 64 processor sales contributed to a double-digit operating margin for our microprocessor business.<p>
Operating income increased to $72 million in the second quarter of 2004 from $61 million in the prior quarter and an operating loss of $123 million in the second quarter of 2003. This result was due to higher sales, strong execution of the company’s technology transitions and solid manufacturing performance. Gross margin was 38 percent, equal to the first quarter of 2004. <p>

The Memory Group achieved record sales of $673 million in the second quarter, an increase of 220 percent from $211 million in the second quarter of 2003 and seven percent from $628 million in the first quarter of 2004. The consolidation of AMD’s and Fujitsu’s Flash memory businesses began at the start of the third quarter of 2003. The Memory Group generated operating income of $45 million, up from $14 million in the prior quarter, driven by the successful transition to 110nm technology and benefit recognized from the integration of the two businesses. <p>

Flash memory sales grew in all major regions and across both the embedded and wireless segments driven by continued strong demand from tier-one customers.<p>

The transition to 110nm process technology for both floating gate and MirrorBit™ Flash memory technologies is on schedule. Spansion is on track to double Flash memory bit capacity in 2004. <p>

Computation Products Group (CPG) sales were $554 million in the second quarter of 2004. This is an increase of 36 percent from $406 million in the second quarter of 2003 and is a three percent decrease from $571 million in the first quarter of 2004. CPG generated operating income of $58 million in the second quarter, a decrease from $67 million in the first quarter of 2004. <p>

Demand for AMD64 processors accelerated significantly during the quarter. Increased AMD Opteron processor sales were largely due to growing enterprise demand and increased shipments to tier-one customers. Additionally, consumer sales of notebook PCs powered by Mobile AMD Athlon 64 processors increased considerably.<p>

The transition from 130nm to 90nm technology at Fab 30 is on track, yielding products with excellent power consumption characteristics. AMD began 90nm volume production in May and plans to ship 90nm microprocessors for revenue in the third quarter. Construction of AMD’s new 300mm Fab 36 in Dresden is on schedule with production planned in the first half of 2006.</i></blockquote><p>