“We are encouraged by the progress we made in our third quarter financial results. We delivered a strong revenue increase, gained 8 percentage points of gross margin and reduced our operating loss by more than half,” said Robert J. Rivet, AMD’s Chief Financial Officer. “We sold a record number of microprocessors through our distribution channel and began revenue shipments of Quad-core AMD Opteron processors in the quarter.”
“Graphics segment revenue increased 29 percent sequentially, as customers increasingly adopted AMD’s new ATI Radeon HD 2000 series of graphics processors.”
Third quarter charges of $120 million consisted of ATI acquisition-related, integration and severance charges of $78 million and asset impairments of $42 million associated with our ownership of Spansion, Inc. common stock.
|($ millions) Revenue||$1,632||$1,378||$1,328|
|GAAP Operating income (loss)||$(226)||$(457)||$121|
| Acquisition-related, integration
and severance charges (ARC)
|Non-GAAP Operating income (loss)||$(148)||$(363)||$127|