Forbes talks AMD's 1st half of 2014 growth.
Microprocessor and graphic processors manufacturer AMD announced its Q2 2014 earnings on July 17. Owing to its restructuring efforts, the company returned to profitability in Q3 2013, and Q3 2014 marks its fourth consecutive quarter of positive non-GAAP net income. At $1.44 billion, revenues grew 3% sequentially and 24% annually, driven primarily by strong sales of semi-custom SoC and notebook offerings. Despite higher semi-custom sales, which have lower margin compared to the corporate average, AMD’s gross margin were flat sequentially (35%) as the company witnessed a richer mix of notebook products.