SUNNYVALE, Calif.-While warning that its third-quarter sales will be lower than projected, Advanced Micro Devices said it anticipates a $32 million net income increase compared to the second quarter.
The company’s second-quarter sales amounted $1.262 billion, said the company.
“Our gross margin and net income are expected to improve sequentially from the second quarter of 2004, largely due to significantly higher sales and stronger ASPs in our processor business,” said Robert J. Rivet, AMD’s chief financial officer.
“Although third-quarter sales are anticipated to be lower than projected due to softness in our profitable Flash memory business, sales in our microprocessor business remained strong driven by increased demand for AMD64 processors.”
