Revenue for the first quarter, ended March 26, was US$1.33 billion, up from US$780 million in the same quarter last year and in line with the expectations of analysts polled by Thomson First Call. (The US$780 million recorded last year did not include US$447 million in revenue from Spansion, AMD's former flash memory venture that was spun off from the company in December.)
Net income was US$185 million, or 38 cents per share. Last year, AMD lost US$17 million in the first quarter, based on a poor performance by Spansion. This year, without Spansion, AMD topped analyst expectations of 30 cents per share.
AMD's performance was led by strong sales of its Athlon 64 and Opteron processors. In early March, Intel warned that its first-quarter revenue would be lower than expected based on a slow market and some loss of market share to AMD.
For the second quarter, which is traditionally the slowest operating period for PC and processor companies, AMD expects revenue to be flat or slightly down, in line with its normal seasonal expectations, it said.
