AMD revenue in the second quarter of $1.3 billion was 96% higher than $645 million of revenue in the same quarter a year earlier. Net income in the quarter of $32 million blew away a net loss of $140 million in the corresponding quarter last year. Earnings per share in the quarter matched the improvement, as a 9 cent-per-share profit beat a 4 cent-per-share loss.
Robert Rivet, AMD's CFO, was the one who credited Spansion flash memory chip sales for the return to profitability. But after the most aggressive push in AMD's history, 32/64-bit processor sales were OK, according to a statement by Rivet, but secondary to the flash memory technology.