Intel reported earnings of $3.3 billion on record $14.6 billion of revenue, which beat expectations from Wall Street.
AMD is once again continuing on the company’s path of restructuring with another major reorganization of the company coming later this month.
On Thursday, AMD reported its Q3’2008 results and the company managed to “Experience Black” (marketing slogan behind 4870X2). When we look at overall (non-GAAP) numbers, AMD filed $1.776 billion revenue and a profit of 80 million dollars. This was the first filed profit in seven quarters, and in a way, Hector J. Ruiz kept its promise of AMD becoming profitable by Q3’08. However, the results that Wall Street calculates are GAAP ones, and without that one-time revenue of $191 million (selling equipment to JSC Angstrem, as I first reported here), the company filed a net loss of $67 million on a revenue of $1.56 billion.
In the light of world economy going bonkers, we have entered two really interesting weeks. Intel will submit its Q3 results after the market closes on Tuesday, while AMD will follow suit on Thursday. I’ve received a preview for both companies from Wedbush Morgan Securities, and in this post you can read estimates researched by Patrick Wang and his assistant Michael Lucarelli. According to Wedbush Morgan, we can expect “weak 3Q results towards the lower end of guidance as the majority of semi companies have not pre-announced but were most likely impacted by the well-documented macro environment.” With global economy being in chaos, it is