AMD now -15.3% AH due to light Q3 outlook

|By:, SA News Editor

AMD expects Q3 revenue to be up 2% Q/Q (+/- 3%). That's unfavorable to a consensus for 9% Q/Q growth.

Computing Solutions sales (PC/server CPU) +1% Q/Q and -20% Y/Y in Q2. Division op. income was $9M. CPU ASPs rose Q/Q and Y/Y, but volumes fell (share loss).

Graphics & Visual Solutions sales (GPUs, embedded/console) +5% Q/Q and +141% Y/Y. GPU revenue fell Q/Q due to lower channel sales (partly offset by desktop OEM and professional GPU growth). GPU ASPs fell Q/Q and Y/Y.

Q2 gross margin was 35%, flat Q/Q and down from 41% a year ago. GM has been pressured in recent quarters by a mix shift towards console processor sales.

Q2 results, PR