AMD Turns a Profit

AMD Reports Second Quarter Results with EPS of $0.03 Driven by Sales of $1.260 Billion - - Microprocessor Business Establishes New All-time Quarterly Records in Total Sales, Server and Mobile Processor Sales, Gross Margin, and Operating Income.

• Microprocessor sales were up 38% year-over-year.
• Opteron server microprocessor sales were up 89% as enterprises feel more comfortable with AMD at the heart of corporate systems.
• Mobile microprocessor sales were at record levels. There are 60 design wins for the Turion mobile chip.
• Microprocessor selling prices were up 6% in the quarter, which certainly helped gross margins.
• Memory sales were down 31%, a sign of the brutal competitive market for semi-conductor memory.

AMD was forecast by analysts to show a loss for the quarter, so being profitable is a positive sign.