AMD Loses Big, CEO Ruiz Steps Down

AMD said its microprocessor sales were flat year-over-year, and down 8% sequentially.

The second quarter marked the first three months in which AMD fielded its long-delayed Barcelona microprocessor for corporate servers. Earlier this week, AMD rival Intel(INTC Quote) reported a 25% increase in net income, with double-digit increases in sales of PC and server micorprocessors.

The company's graphics revenue, which includes graphics processors as well as video game console royalty revenue, was up 18% year-over-year and down 5% sequentially.

Revenue in the consumer electronics business, which makes chips for cell phones and digital TVs, declined 46% to $37 million, with an operating loss of $42 million.

Excluding the results of the consumer electronics business, AMD said it posted an operating loss of $143 million in the second quarter.

The company's gross margin was 52% excluding the discontinued business operations.

The company said it expects revenue to increase in line with seasonality in the current quarter, but didn't provide specific financial guidance. AMD is scheduled to host a conference post-earnings conference call with analysts Thursday.