Earlier quoted context omitted.
You've confused revenue with profit. They are not the same thing. AMD has been losing money for most of its existence and almost went bankrupt on a number of occasions. This renders your points completely invalid.
For those of us out of the loop, if AMD has been "losing money for most of its existence" and "almost went bankrupt on a number of occasions", then how is it still alive? Did it make a ridiculous amount of money at some points?
That being said, the current situation is bleak, and no, they never made a ridiculous amount of money. They've had to go to pretty extreme lengths not to go under already (eg, selling off their headquarters building, then leasing it back, just to scrape together some quick cash). They're very, very cash strapped. So much so that the news they signed a somewhat nebulous licensing deal with a Chinese company to help them make servers caused their share price to jump 52%, just because they'd be getting ~$300m in licensing fees.