AMD Closes Out 2010 with $6.49 Billion in Revenue

Posted 01/21/2011 at 7:51am | by Paul Lilly

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Overall one would have to say it was a fairly good year for AMD, who despite still trailing Intel for the performance crown, still managed to post $6.49 billion in revenue for the year ended December 25, 2010, the chip maker announced on Thursday. Revenue was pretty evenly divided up (flat) between quarters, with AMD posting $1.62 billion in Q3 and $1.65 billion in Q4.

"AMD enters 2011 with significant momentum, amplified by the successful launch of our first Fusion APUs," said Thomas Seifert, CFO and Interim CEO. "I am confident we can drive profitable growth based on the strength of new products we will bring to market. Our customers recognize that Fusion APUs are at the core of delivering the world's most vivid digital experience."

The numbers were just high enough to beat out Wall Street estimates, which expected earnings of 11 cents on revenue of $1.63 billion for the fourth quarter.

Where AMD goes from here is up for debate. Following a disagreement between AMD's board and longtime CEO Dirk Meyers over the chip maker's mobile strategy (or lack thereof), Meyer recently stepped down in what the two sides described as a "mutual agreement."