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标题: AMD还真亏了6亿 [打印本页]

作者: Pro-A 时间: 2007-7-20 09:42
标题: AMD还真亏了6亿
w00t)
http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~118383,00.html

SUNNYVALE, Calif. -- July 19, 2007 --AMD (NYSE: AMD) today reported financial results for the quarter ended June 30, 2007 . AMD reported second quarter 2007 revenue of $1.378 billion, an operating loss of $457 million, and a net loss of $600 million, or $1.09 per share. These results include an impact of $130 million, or $0.24 per share, from ATI acquisition-related and integration charges of $78 million, employee stock-based compensation expense of $31 million, severance charges of $16 million and debt issuance charges of $5 million. In the first quarter of 2007, AMD reported revenue of $1.233 billion and an operating loss of $504 million. In the second quarter of 2006, AMD reported revenue of $1.216 billion and operating income of $102 million.

				Change
($M except percentages)	Q2-07	Q1-07	Q2-061	Q2-07 vs Q1-07	Q2-07 vs Q2-06
Revenue	$1,378	$1,233	$1,216	12%	13%
Operating Income (Loss)
GAAP Operating income (loss)	$(457)	$(504)	$102
Acquisition-related, integration and severance charges	$94	$113	NA
Stock-based compensation expense	$31	$28	$18
Non-GAAP Operating income (loss)2	$(332)	$(363)	$120

“While we made solid progress in the second quarter across a number of fronts, we must improve our financial results,” said Robert J. Rivet, AMD’s Chief Financial Officer. “We achieved a 12 percent sequential revenue increase, improved the gross margin and won back microprocessor unit and revenue market share. Strong distribution channel demand, initial sales to Toshiba, and a broader adoption of AMD platforms led to a 38 percent sequential increase in microprocessor unit shipments. In addition, our Graphics business gained momentum at the end of the quarter as we began shipping the new ATI Radeon HD™ 2000 family of graphics processors.

“We continue to focus on realigning our business model and reducing our capital expenditures and cost structure in the second half of the year.”

Second quarter 2007 gross margin was 34 percent, excluding stock-based compensation expense, acquisition-related and severance charges, compared to 31 percent in the first quarter of 2007 and 57 percent in the second quarter of 2006. The increase from the prior quarter was largely due to increased microprocessor unit shipments. The second quarter gross margin was impacted by a write-off of older microprocessor inventory of approximately $30 million.

($M except percentages)	Q2-07	Q1-07	Q2-06
Gross Margins
GAAP Gross margin	$461	$347	$690
GAAP Gross margin %	33%	28%	57%
Acquisition-related and severance charges	$2	$29	NA
Stock-based compensation expense	$2	$2	$2
Non-GAAP Gross margin2	$465	$378	$692
Non-GAAP Gross margin2 %	34%	31%	57%

Computing Solutions
Second quarter Computing Solutions segment revenue was $1.098 billion, compared with $918 million in the first quarter of 2007. The 20 percent sequential increase was primarily due to a 38 percent increase in microprocessor unit shipments, offset partially by lower average selling prices (ASPs) for desktop microprocessors. Second quarter server, mobile, and desktop microprocessor revenue increased sequentially. Mobile processor unit shipments increased 21 percent sequentially and 82 percent year-over-year.

Graphics
In the seasonally down second quarter, Graphics segment revenue of $195 million was flat from the first quarter of 2007. Initial sales of the ATI Radeon HD 2000 family of graphics processors were strong in the channel, and design win momentum with key mobile and desktop OEMs continues to grow.

Consumer Electronics Second quarter Consumer Electronics segment revenue was $85 million, compared with $118 million in the first quarter of 2007. The sequential revenue decline of 28 percent was largely the result of lower handheld unit sales and revenue, partially offset by increased digital TV processor revenue.

Additional Highlights

Toshiba chose AMD as a strategic supplier for its new series of Satellite notebook computers powered by an AMD platform featuring AMD Turion™ 64 X2 dual-core mobile technology and the AMD M690 chipset.
Customers continued to adopt AMD-based solutions across a broader portion of their product offerings:
- Acer launched three consumer Aspire notebooks and three commercial TravelMate notebooks based on AMD Turion 64 X2 dual-core mobile technology.
- Dell expanded its AMD-based commercial solutions with the launch of a new AMD-based Latitude notebook and OptiPlex™ desktop. Dell also added ten new PowerEdge™ servers powered by AMD Opteron™ processors and two new Dell Inspiron™ desktop systems powered by AMD Athlon™ X2 microprocessors. The AMD-based Dell Inspiron 531 PC received editors’ choice awards from PC Magazine and CNET.
- Fujitsu-Siemens announced a new Amilo notebook based on AMD Turion X2 dual-core mobile technology.
- HP announced two new HP Blade PCs based on single-core AMD Athlon 64 and AMD Athlon 64 X2 dual-core processors.
- Sun Microsystems unveiled its new Blade 6000 server based on AMD Opteron processors.
AMD announced that initial revenue shipments of the industry’s first native x86 quad-core processor, “Barcelona,” will commence in the third quarter in both standard and low-power versions. AMD broadened its portfolio of product offerings in the quarter with the introduction of:
- The ATI Radeon HD™ 2000 series, a top-to-bottom line of ten discrete graphics processors for both desktop and mobile platforms that deliver the Ultimate Visual Experience™ through immersive HD gaming with DirectX® 10 and HD media playback.
- Three new AMD Opteron processors, models 1222 SE, 2222 SE, and 8222 SE.
- The AMD Turion 64 X2 dual-core mobile technology TL-66.
- The AMD Athlon 64 X2 dual-core processor 6000+ and 5200+.
- 45-watt energy-efficient AMD Athlon X2 dual-core processor BE-2350 and BE-2300.
AMD disclosed details of its next-generation platform for notebook computing, codenamed “Puma.” The platform pairs AMD’s next-generation notebook processor, “Griffin,” with the next-generation AMD “RS780” mobile chipset. “Puma” represents one of the first results of the “new AMD,” delivering an optimized mobile solution with extended battery life, graphics and video processing enhancements and improved overall system performance.
The Italian stock exchange, Borsa Italiana, joined the growing roster of global exchange customers running their business on AMD Opteron processor based technology, including NYSE Group, Inc., the International Securities Exchange’s Stock Exchange, London Stock Exchange, Luxembourg Stock Exchange, Montréal Exchange and Philadelphia Stock Exchange.

作者: shike_cuke 时间: 2007-7-20 09:58
看来K10上市价格肯定不低..........

作者: Prescott 时间: 2007-7-20 10:01
亏6亿不奇怪，奇怪的是，第二季度比第一季度的处理器出货量提高了38%。毛利润率从28%到33%，提高了5个点，这还是在GPU部门和的毛利润率下跌的情况下。

怎么看都是重大利好啊，也难怪盘後大涨5%了。

不过现金却只有16亿了，加上上次发行的可转债募集的18亿美元，貌似一个季度烧掉了13亿多的现金。:huh:

算了，我看不懂报表了。

[ 本帖最后由 Prescott 于 2007-7-20 10:09 编辑 ]

作者: acqwer 时间: 2007-7-20 10:03
估计AMD在服务器市场上拿到了几个大单。

作者: Prescott 时间: 2007-7-20 10:03

原帖由 acqwer 于 2007-7-20 10:03 发表
估计AMD在服务器市场上拿到了几个大单。

再大能有多大？38%的增长啊。

[ 本帖最后由 Prescott 于 2007-7-20 10:05 编辑 ]

作者: Pro-A 时间: 2007-7-20 11:21

原帖由 Prescott 于 2007-7-20 10:03 发表

再大能有多大？38%的增长啊。

Q1 opteron有问题
q2恢复了
这么解释似乎能圆
毕竟处理器大量出货，价格压这么低，肯定要下降的
但是op正常出货的话应该能拉回来些的

作者: roche 时间: 2007-7-20 11:22
:funk: :funk: :funk: :funk: :funk:

作者: NONO 时间: 2007-7-20 11:23
AMD目前是泥菩薩狀態:p

作者: Prescott 时间: 2007-7-20 12:17

原帖由 Pro-A 于 2007-7-20 11:21 发表

Q1 opteron有问题
q2恢复了
这么解释似乎能圆
毕竟处理器大量出货，价格压这么低，肯定要下降的
但是op正常出货的话应该能拉回来些的

处理器部门的出货量增长38%，销售额增长19%，毛利润率上升从28%上升到33%，很容易推算出处理器的平均成本要下降20%才行。

作者: zaarath 时间: 2007-7-20 12:21
财报不能孤立看，因为一个公司可以在相邻两个季度之间的会计上做文章，使坏消息尽量推迟。

AMD第一季度表现出奇差，一个重要因素是AMD在06年底对channel过度供货，导致channel存货大增，在第一季度都大幅减低从AMD的进货。所以如果以真正的销售到最终用户的数量来看，AMD去年第四季实际上比财报显示的要差得多，今年第一季度比财报显示的要好。第二季度稍微正常了点，就显得比第一季提高了很多。

后市狂涨的主要原因是Server/Laptop 的ASP稳定，而且分析师看好AMD在零售laptop市场提高市占率，主要因为Toshiba的倒戈。这也是Intel大跌的原因，Laptop部门是Intel利润最丰厚的，现在在地端受到了很大挑战，导致毛利率未达预期。

作者: jaguard 时间: 2007-7-20 14:07
这报表会拉高AMD股价，应该能顶过去

作者: Pro-A 时间: 2007-7-20 14:11

原帖由 Prescott 于 2007-7-20 12:17 发表

处理器部门的出货量增长38%，销售额增长19%，毛利润率上升从28%上升到33%，很容易推算出处理器的平均成本要下降20%才行。

你认为成本能下降这么多？:shifty:

作者: Bohr 时间: 2007-7-21 18:49
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作者: fawxin 时间: 2007-7-21 19:36
AMD什么时候都亏不倒w00t)

作者: 激情发挥 时间: 2007-7-21 19:52
应该是所有部门和起来的业绩吧。如果单是处理器部门的业绩应该没那么差的

作者: hljkkk 时间: 2007-7-21 22:03
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作者: Ricepig 时间: 2007-7-21 22:09

原帖由 Prescott 于 2007-7-20 12:17 发表

处理器部门的出货量增长38%，销售额增长19%，毛利润率上升从28%上升到33%，很容易推算出处理器的平均成本要下降20%才行。

这20%怎么算出来的呢?
毛利润约等于销售额-成本-税
也许是前期分摊掉了大量研发成本呢~~~

作者: bill_max 时间: 2007-7-21 22:15
亏了是正常的，
MS AMD赚的时候没几年:lol:

作者: 飞鸟真 时间: 2007-7-21 22:21
利空出尽是利好，在美国可以全仓amd了，赔了别找我，为了反垄断的正义事业作贡献也是关荣的。:lol:

作者: fatmouse 时间: 2007-7-21 22:28
股市里的股票价格涨跌跟公司关系不大吧，跟投资人到是利益相关的

作者: linxe 时间: 2007-7-21 22:36
现在做IT的就是亏，你亏的起就是赢家，亏不起就得倒闭!!!

作者: Dr.BT 时间: 2007-7-21 22:49

原帖由 linxe 于 2007-7-21 22:36 发表
现在做IT的就是亏，你亏的起就是赢家，亏不起就得倒闭!!!

谁说I/A是做IT的了
INTEL和AMD在国内分类的话可以排除在信息产业之外的
划归在化工领域:huh:

作者: 飞鸟真 时间: 2007-7-21 22:53

原帖由 fatmouse 于 2007-7-21 22:28 发表
股市里的股票价格涨跌跟公司关系不大吧，跟投资人到是利益相关的

股价高公司融资方便，抛出点股票也能求现。

作者: Prescott 时间: 2007-7-21 23:35

原帖由 zaarath 于 2007-7-20 12:21 发表
财报不能孤立看，因为一个公司可以在相邻两个季度之间的会计上做文章，使坏消息尽量推迟。

AMD第一季度表现出奇差，一个重要因素是AMD在06年底对channel过度供货，导致channel存货大增，在第一季度都大幅减低 ...

恩，仔细研究了一下，确实如此。

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