AMD has finally managed to get out of the black and beat most earlier forecasts, according to its Q3 financial report released earlier today. While PC CPU chip sales were down by six percent sequentially and 15 percent year over year, AMD still managed to post a net profit of US $48 million, which is much better than a net loss of US $157 million a year ago.

AMD's revenue was also up to US $1.46 billion compared to US $1.27 billion last year and US $1.16 billion last quarter. The operating income was up to US $95 million from US $29 million loss in last quarter and US $131 million loss last year. Of course, most of these good news come from console deals for Sony Playstation 4 and Xbox One, while its GPU revenue is down both sequentially and year over year. Of course, Q4 in GPU business should be much better as it should include the new Rx 200 series GPUs.

AMD shares wen down 7 percent after the financial report but it still ended up in green from last 12 percent gain last week. AMD announced that it expect to have much better Q4 figures that should be up by 5 percent. The main problem for AMD is that console deals are short-lived and will definitely fall after the holiday season.

On the other hand, it really looks that AMD is making some good moves that should keep it on the road to recovery and give it enough time to consolidate its efforts to get more revenue from semicustom chips, ARM-based server parts, embedded chips and get its GPU and CPU line in order.



Source: AMD.com.