Summary
Advanced Micro Devices, Inc. (AMD) filed an 8-K on October 23, 2001, reporting its third quarter 2001 sales figures. The company announced total sales of $765,870,000 for the third quarter of 2001. This represents a significant 22 percent decrease compared to the second quarter of 2001, where sales stood at $985,264,000. When compared to the same period in the prior year, third quarter 2001 sales also showed a decline from $1,206,549,000 in the third quarter of 2000. This filing highlights a challenging sales environment for AMD during the third quarter of 2001, with year-over-year and sequential revenue contractions. Investors should note the substantial drop in sales and consider the factors that may have contributed to this performance.
Key Highlights
- 1AMD reported Q3 2001 sales of $765,870,000.
- 2This represents a 22% sequential decline from Q2 2001 sales of $985,264,000.
- 3Q3 2001 sales are down compared to Q3 2000 sales of $1,206,549,000.
- 4The company announced these sales figures on October 17, 2001.
- 5The full press release detailing these sales is attached as Exhibit 99.1.