AMD » Topics » Consumer Electronics

This excerpt taken from the AMD 10-Q filed May 7, 2008.

Consumer Electronics

Consumer Electronics net revenue of $81 million in the first quarter of 2008 decreased 31 percent compared to net revenue of $118 million in the first quarter of 2007 as a result of a 56 percent decrease in unit shipments, partially offset by a 10 percent increase in average selling prices of products used in handheld devices and digital televisions and an $18 million increase in royalties from sales of game console systems that incorporate our technology. The decrease in unit shipments of products used in handheld devices and digital televisions was primarily due to significantly lower demand from a key OEM customer for each of the handheld and digital television categories. The increase in average selling prices was primarily due to a change in product mix, with increased sales of higher-end products used in handheld devices. The increase in royalties was due to increased market penetration of latest generation game consoles.

Consumer Electronics net revenue of $81 million in the first quarter of 2008 decreased 26 percent as compared to $109 million in the fourth quarter of 2007 as a result of a 39 percent decrease in unit shipments of our products used in handheld devices and digital televisions and a $5 million decrease in royalties from sales of game console systems that incorporate our products, partially offset by an 11 percent increase in average selling prices of our products used in handheld devices and digital televisions. The decrease in unit shipments and the decrease in royalties were primarily attributable to seasonality. The increase in average selling prices was primarily due to a shift in product mix, with increased unit shipments of next generation products used in handheld devices and digital televisions, which generally carried higher average selling prices.

Consumer Electronics operating loss was $8 million in the first quarter of 2008 compared to operating loss of $4 million in the first quarter of 2007. The decline in operating results was primarily due to the $37 million decrease in net revenue described above, partially offset by a $33 million decrease in cost of sales due to lower unit shipments.

Consumer Electronics operating loss was $8 million in the first quarter of 2008 compared to operating income of $12 million in the fourth quarter of 2007. The decline in operating results was primarily due to the $28 million decrease in net revenue described above and a $6 million increase in research and development expenses, partially offset by a $14 million decrease in cost of sales. Research and development expenses increased for the reasons set forth under “Expenses,” below. Cost of sales decreased due to lower unit shipments.

These excerpts taken from the AMD 10-K filed Feb 26, 2008.

Consumer Electronics

Consumer Electronics net revenue and operating loss in 2007 were $408 million and $17 million, respectively. Consumer Electronics net revenue and operating income for the period from October 25, 2006 through December 31, 2006 were $120 million and $20 million, respectively. The increase in revenue was due to the inclusion of operations attributable to the Consumer Electronics segment for the full year in 2007 compared to only nine weeks in 2006. The 2007 operating loss resulted primarily from significantly lower unit shipments in the second quarter of 2007 due to decreased demand from a key OEM customer. This demand recovered moderately during the remainder of the year. Consumer Electronics net revenue was flat in the second half of 2007 compared to the first half of 2007. A decrease in revenue from sales of products used in handheld devices was offset by an increase in revenue from royalties on game consoles. Due to the seasonal increase in royalties on game consoles in the second half of 2007, the operating loss for the first half of 2007 improved slightly to an operating profit for the second half of 2007. We did not sell comparable products prior to the ATI acquisition.

Consumer Electronics

FACE="Times New Roman" SIZE="2">Consumer Electronics net revenue and operating loss in 2007 were $408 million and $17 million, respectively. Consumer Electronics net revenue and operating income for the period from October 25, 2006 through
December 31, 2006 were $120 million and $20 million, respectively. The increase in revenue was due to the inclusion of operations attributable to the Consumer Electronics segment for the full year in 2007 compared to only nine weeks in 2006.
The 2007 operating loss resulted primarily from significantly lower unit shipments in the second quarter of 2007 due to decreased demand from a key OEM customer. This demand recovered moderately during the remainder of the year. Consumer Electronics
net revenue was flat in the second half of 2007 compared to the first half of 2007. A decrease in revenue from sales of products used in handheld devices was offset by an increase in revenue from royalties on game consoles. Due to the seasonal
increase in royalties on game consoles in the second half of 2007, the operating loss for the first half of 2007 improved slightly to an operating profit for the second half of 2007. We did not sell comparable products prior to the ATI acquisition.

This excerpt taken from the AMD 8-K filed Jan 17, 2008.

Consumer Electronics

Fourth quarter Consumer Electronics segment revenue was $109 million, a 12 percent increase compared with $97 million in the third quarter of 2007. The increase was driven largely by increased game console royalties and sales of products for the handheld market.


This excerpt taken from the AMD 10-Q filed Nov 7, 2007.

Consumer Electronics

Consumer Electronics net revenue and operating loss in the third quarter of 2007 were $97 million and $3 million, respectively. Consumer Electronics net revenue and operating loss in the first nine months of 2007 were $300 million and $29 million, respectively. We did not sell comparable products in the third quarter or the first nine months of 2006 prior to the acquisition of ATI.

Consumer Electronics net revenue of $97 million in the third quarter of 2007 increased 14 percent compared to net revenue of $85 million in the second quarter of 2007 primarily as a result of increased royalties from the sale of game console systems that incorporated our technology and a 31 percent increase in unit shipments of products for handheld devices. This increase was partially offset by a 17 percent decrease in average selling prices due to a less favorable sales mix, with a shift in sales to lower-priced products.

Consumer Electronics operating loss was $3 million in the third quarter of 2007, an improvement of $19 million compared to an operating loss of $22 million in the second quarter of 2007. The decrease in operating loss was primarily due to the 14 percent increase in net revenue coupled with research and development and marketing, general and administrative expenses being relatively flat.

This excerpt taken from the AMD 8-K filed Oct 18, 2007.

Consumer Electronics

Third quarter Consumer Electronics segment revenue was $97 million, compared with $85 million in the second quarter of 2007 driven by improved handheld unit sales and increased game console royalties.

 


2

In this press release, AMD has provided non-GAAP financial measures for operating income (loss) to reflect its financial results without acquisition-related, integration and severance charges. Management believes this non-GAAP presentation makes it easier for investors to compare current and historical period operating results.

3

Includes stock-based compensation expense.

 

 

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This excerpt taken from the AMD 10-Q filed Aug 7, 2007.

Consumer Electronics

Consumer Electronics net revenue and operating loss in the second quarter of 2007 were $85 million and $22 million, respectively. We did not sell comparable products in the second quarter of 2006.

Consumer Electronic net revenue of $85 million in the second quarter of 2007 decreased 28 percent compared to net revenue of $118 million in the first quarter of 2007 primarily as a result of a 53 percent decrease in unit shipments, partially offset by an increase in average selling prices of 43 percent. Unit shipments decreased primarily due to a significant decrease in sales of handheld devices because of reduced demand from a major handheld OEM customer. Average selling prices increased due to a change in product mix.

Consumer Electronics operating loss was $22 million in the second quarter of 2007 compared to an operating loss of $4 million in the first quarter of 2007. The decrease in operating results was primarily due to a 28 percent decrease in net revenue, which decreased for the reasons set forth above.

Consumer Electronics net revenue and operating loss in the first six months of 2007 were $203 million and $26 million, respectively. We did not sell comparable products during the first six months of 2006.

This excerpt taken from the AMD 8-K filed Jul 19, 2007.

Consumer Electronics

Second quarter Consumer Electronics segment revenue was $85 million, compared with $118 million in the first quarter of 2007. The sequential revenue decline of 28 percent was largely the result of lower handheld unit sales and revenue, partially offset by increased digital TV processor revenue.

This excerpt taken from the AMD 10-Q filed May 9, 2007.

Consumer Electronics

Consumer Electronics net revenue and operating loss in the first quarter of 2007 were $118 million and $4 million, respectively. Prior to the ATI acquisition effective October 25, 2006 we did not sell comparable products.

Consumer Electronics net revenue of $118 million in the first quarter of 2007 was relatively flat as compared to $120 million in the fourth quarter of 2006 despite reflecting a full quarter (or 13 weeks) of revenue. Unit shipments were flat while average selling prices decreased two percent in the first quarter of 2007 as compared to the fourth quarter of 2006. Lower unit shipments of our products used in handheld devices and decreased royalties from sales of game console systems that incorporated our products were partially offset by increased unit shipments of our products used in digital televisions. Unit shipments of our products used in handheld devices decreased because of reduced demand from a significant handheld OEM customer.

Consumer Electronics operating loss was $4 million in the first quarter of 2007 compared to operating income of $20 million in the fourth quarter of 2006. The decrease in operating results was primarily due to a $16 million increase in research and development expenses and a $5 million increase in marketing, general and administrative expenses. The increase in expenses reflected 13 weeks of expenses in the first quarter of 2007 as compared to nine weeks in the fourth quarter of 2006.

This excerpt taken from the AMD 8-K filed Apr 19, 2007.

Consumer Electronics

Consumer Electronics segment revenue, including a full quarter of operations, was down sequentially to $118 million. On a full quarter comparative basis, video processor unit shipments into the digital TV market increased in the seasonally down quarter while handheld processor unit shipments and game console revenue decreased.

This excerpt taken from the AMD 10-K filed Mar 1, 2007.

Consumer Electronics

 

The revenue and operating income represents the operating results of this segment for the period of October 25, 2006 through December 31, 2006. We are not able to provide any comparative information for this segment because prior to the ATI acquisition we did not sell comparable products.

 

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