AMD Q2 Results:'Robust' AI Product Demand Positions Company For 'Significant Growth'

Benzinga

Advanced Micro Devices reported second-quarter revenue of $7.69 billion, exceeding analyst expectations of $7.41 billion, according to Benzinga. Adjusted earnings came in at 48 cents per share, narrowly missing the 49-cent estimate. Revenue rose 32% year-over-year, led by a 69% jump in the Client and Gaming segment and a 14% rise in Data Center sales, though Embedded revenue fell 4%. AMD cited $800 million in inventory and related charges tied to U.S. export restrictions on Instinct MI308 GPUs. CEO Lisa Su said AMD delivered record server and PC processor sales and expects strong growth in the second half, citing demand for its AI and computing products. The company guided third-quarter revenue to approximately $8.7 billion, above the $8.15 billion consensus. Shares fell 4.90% after hours despite a 45% year-to-date gain.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Advanced micro-devices reported second-quarter revenue of $7.69 billion,

00:06exceeding analysts' expectations of $7.41 billion, according to Benzinga.

00:10Justin Erdings came in at $0.48 per share, nearly missing the $0.49 estimate.

00:15Revenue rose 32% year-over-year, led by a 69% jump in the client and gaming segment

00:20and a 14% rise in data center sales, though embedded revenue fell 4%.

00:25AMD cited $800 million in inventory and related charges tied to U.S. export restrictions

00:30on its staked MI308 GPUs.

00:33CEO Lisa Su said AMD delivered record server and PC processor sales

00:37and expects strong growth in the second half,

00:40setting demand for its AI and computing products.

00:42The company guided third-quarter revenue to approximately $8.7 billion,

00:46above the $8.15 billion consensus.

00:49Shares fell 4.9% after hours, despite a 45% year-to-date gain.

00:53For all things money, visit Benzinga.com.

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