AMD Reports Q2 2015 Results $181M loss

[AthlonXP1800]

http://ir.amd.com/phoenix.zhtml?c=74093&p=irol-newsArticle&ID=2068551

Q2 2015 financial is AMD worst result ever in more than a decade with $942M revenue, $137M operating loss, $181M net loss and now has $829M cash reserve at the end of Q2.

AMD said it is due to fall demand in PCs? LOL very funny, Intel reported much better result of $13.2bn revenue and $2.7bn net profit.

I guess Q3 will be yet another loss and burn nearly $100M cash, AMD could run out of cash at the end of 2015 or Q1 2016. They may still have trouble with Fury yield 3 months after launch but sub £450 Fury cards not sold out like hot cake and Carrizo APUs is nowhere to be seen, there was no review since the launch in June.

AMD stock tanked hit 52 week low at $1.87.

 

[AthlonXP1800]

3 months ago CEO Lisa Su was confided the second half will be stronger and return to profitability.

But it will not happen, AMD wont be back into profitable in either Q3 and Q4.

http://venturebeat.com/2015/07/16/a...han-expected-in-advance-of-windows-10-launch/

For the third quarter, AMD expects revenue to increase 6 percent (plus or minus 3 percent), sequentially. The third quarter will be the peak for semi-custom chip sales as Sony and Microsoft ramp up for holiday game console sales. Devinder Kumar, chief financial officer, said the company will no longer return to profitability in the second half of the year, as it previously planned. He said the company is contemplating restructuring to align its costs with revenues.

AMD now has 9,700 employees, Lisa Su will probably restructuring the company at the end of Q3 or Q4. I think she need to lay off around 1,000 to 2,000 employees to make company much smaller than Nvidia's 9,228 employees and capped revenue to less than $1bn a quarter trying to stop further losses compared to $2.5bn a quarter revenue cap 10 years ago and reduced to $1.5bn a quarter revenue cap 3 years ago.