Advanced Micro Devices reported revenue of US$1.69 billion after late last month reducing its revenue projection for the quarter ending Oct. 1, after its manufacturing partner Globalfoundries had problems with chips manufactured using a 32-nanometer process. The yield problems led to a limited supply of AMD's Fusion chips for mainstream PCs.
Third-quarter revenue was "adversely impacted" by the manufacturing issues experienced by a manufacturing partner, AMD said in a statement. AMD's revenue grew by 4 percent compared to the third quarter last year.
AMD reported profit of $110 million on a non-GAAP basis, a slight increase from profit of $108 million during the third quarter last year. Earnings per share were $0.15, which beat estimates of $0.10 from analysts polled by Thomson Reuters.
On a GAAP basis, AMD reported profit of $97 million, improving from a loss of $118 million in the third quarter last year.
Revenue for the computing solutions group, which deals in PC and server chips, grew to $1.29 billion from $1.23 billion in last year's third quarter. Revenue for the graphics segment during the quarter was $403 million, growing from $390 million last year.