Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 1c; offers guidance

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q2 EPS of $0.69, $0.01 better than the analyst estimate of $0.68. Revenue for the quarter came in at $5.84 billion versus the consensus estimate of $5.72 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q3 2024 revenue of $6.7 billion plus or minus $300 million, versus the consensus of $6.61 billion.

At the mid-point of the revenue range, this represents year-over-year growth of approximately 16% and sequential growth of approximately 15%. Non-GAAP gross margin is expected to be approximately 53.5%

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

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