Advanced Micro Devices (AMD) Tops Q2 EPS by 3c

Advanced Micro Devices (NASDAQ: AMD) reported Q2 EPS of ($0.05), $0.03 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $951.29 million.

"In the second quarter we accomplished a significant milestone as we returned to non-GAAP operating profitability based on solid execution and strong demand for our semi-custom and graphics products," said Lisa Su, AMD president and CEO. "Based on the strength of our semi-custom products and demand for our latest Radeon RX GPUs and 7th Generation A-Series APUs, we are well positioned to drive growth and market share gains in the second half of the year."

For Q3 2016, AMD expects revenue to increase 18 percent sequentially, plus or minus 3 percent.

For earnings history and earnings-related data on Advanced Micro Devices (AMD) click here.

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