April 22, 2004 – Advanced Micro Devices (AMD), Sunnyvale, CA, posted sales of $1.236 billion in 1Q04, up 3% sequentially and 73% from a year ago. A net income of $45 million, compared with $43 million in 4Q03 and a net loss of $146 million in 1Q03.
Sales in its computation products ($571 million, +22% y-y) and flash memory ($628 million, +188% y-y) delivered “solid results in a seasonally down quarter,” said CFO Robert Rivet, noting that shipments of the company’s recently launched 64-bit processors doubled from the previous quarter. Sales were especially strong in the Asia-Pacific and Latin American regions, he added.
AMD cautioned that visibility was difficult to forecast due to economic and industry conditions, but it expects overall sales to be flat, with a seasonal decline in computational products and modest gains in memory sales.