Advanced Micro Devices Inc. (AMD)
AMD Stock Surges on Record Data Center Revenue
Advanced Micro Devices (AMD) reported second-quarter sales that beat analysts' expectations, driven by record revenue from its data center segment.
Advanced Micro Devices (AMD) Q2 Earnings and Revenues Top Estimates
Advanced Micro Devices (AMD) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.58 per share a year ago.
AMD Regains Its Footing With Solid Q2 Report
Advanced Micro Devices, Inc. reported solid Q2 beats for its top and bottom lines on Tuesday. The company was guided to strong revenue growth for Q3 that was more than analysts were looking for. Even with shares dropping considerably from their highs, the valuation here isn't entirely appetizing just yet.
AMD's Q2 revenue grows 9% to $5.8B, beating analyst expectations
Advanced Micro Devices report that its revenues for the second quarter were $5.8 billion, up 9% from a year ago and above analyst expectations.
AMD forecasts Q3 revenue above estimates on strong AI chip demand
Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) reported stronger-than-expected second-quarter earnings, driven by robust demand for its artificial intelligence (AI) chips. The company's positive performance led to a forecast of third-quarter revenue that exceeds analyst expectations.
AMD Beats Q2 Targets On Record Data Center Sales
Chipmaker AMD beat analyst estimates for the second quarter thanks to record sales of processors for data centers.
AMD says data center sales more than doubled in a year
Advanced Micro Devices reported second-quarter earnings on Tuesday. Investors want to see AMD take market share away from its longtime rival Nvidia with its MI300X AI chip and signal growth in its data center AI business.
AMD forecasts third-quarter revenue above estimates on AI chip demand
Advanced Micro Devices forecast third-quarter revenue above market estimates on Tuesday, banking on demand for its artificial intelligence chips staying strong.
AMD investors anticipate key updates on new GPU line ahead of Q2 earnings
AMD is set to announce its Q2 earnings but investors are eagerly waiting for an update on MI325 and MI 350 GPUs.
AMD Q2 Report Looms As Nvidia Rival Struggles With Key Headwinds: Will 'Overcorrected' Stock Vindicate Itself?
Advanced Micro Devices, Inc.'s AMD quarterly report assumes importance as it will likely give a foretaste of how artificial intelligence-related spending panned out during the quarter. The Santa Clara, California-based chipmaker is due to announce its results after the market close Tuesday.
Down 40% In 4 Months, Is AMD Stock A Buy Ahead Of Earnings?
Advanced Micro Devices, Inc. stock has tumbled by nearly 40% since March, underperforming industry peers and the broader stock market. I upgraded AMD to a “Hold/Neutral” rating in early-May due to positive trends in its Data Center business and significant valuation moderation. However, AMD is still running ahead of business fundamentals, and the 5-year expected CAGR return is unattractive heading into AMD's Q2 report, which is set to be released later tonight.
AMD's AI Chip Guidance Means More Than Earnings
Shareholders will focus on the chip maker's guidance for artificial-intelligence-chip revenue when the company reports second-quarter earnings after the close.
