AMD won't be popping open any champagne bottles to celebrate 2011, during which time the Santa Clara chip maker pulled in $6.57 billion in revenue, falling flat year-over-year. Revenue also fell flat sequentially at $1.69 billion, representing a net loss of $177 million, or $0.24 per share, along with operating income of $71 million. But all things considered, it could have been much worse.
Sluggish PC sales held down in part by the hard drive crisis didn't help AMD to end the year on a high note, but while the company struggled overall, its APUs soared.
"AMD shipped more than 30 million APUs in 2011, resulting in record annual notebook revenue," said Rory Read, AMD president and CEO. "The unmatched combination of computing and graphics capabilities in our low-power ‘Brazos’ platform has made it our fastest ramping platform ever, paving the way for continued growth in key segments and geographies. Our server business has re-gained momentum, delivering two consecutive quarters of strong sequential growth."
This is the second year AMD has operated as a fabless company, and it also marked the first full quarter of sales for Bulldozer. Curiously, AMD opted not to bring up Bulldozer figures in its financial report.
AMD said it expects revenue to decrease 5-11 percent sequentially for the first quarter of 2012.