Revenue was $1.59 billion, down from $1.61 billion in the first quarter of 2011.

AMD saw success during the quarter in the $400 to $700 mainstream laptop segment and also saw its chip supplies return to normal, said Rory Read, AMD's CEO, in a commentary. Chip sales had suffered because of a shortage in hard drives, which pulled down PC shipments.

AMD is poised for growth with new chips in the pipeline, Read said.

AMD is expected to launch new consumer PC chips this quarter code-named Trinity, which will take on Intel's upcoming Core processors code-named Ivy Bridge. AMD says it will push low-power variants of Trinity into lightweight laptops that it hopes will be cheaper than Intel-based ultrabooks.

AMD will also ship new low-power chips this quarter for netbooks, which should improve chip sales, Read said.