News

AMD updates Q2 guidance, projects 8% decline in revenues

In a press release today, AMD announced that revenues for Q2 2015 are expected to be lower than originally projected. In its now-revised estimates, AMD anticipates revenues to decrease by around 8% sequentially, compared to the 3% decline previously estimated. Although disappointing, this isn’t entirely unexpected: AMD itself cites weak PC sales causing a reduction in shipments of CPUs and APUs, and the AMD chips sold for use in current-generation video game consoles have provided fairly slim margins for the company. Indeed, and as Seeking Alpha explains, 2015 remains a challenging year for AMD, as a restricted R&D budget (and the industry’s stagnation on the …