AMD Q2 revenue rises 50% YoY, data center sales double; stock falls after hours

Published Aug 4, 08:38 PM UTC

Advanced Micro Devices reported second-quarter earnings on Tuesday that beat analyst expectations, with revenue climbing 50% year-over-year to $11.54 billion and adjusted EPS of $1.66. The company's Data Center unit drove growth, with sales surging 107% to $6.7 billion, fueled by CPU and GPU sales. Despite the strong results, AMD's stock fell in extended trading. The company guided Q3 revenue around $13 billion, above consensus estimates of $12.52 billion. AMD also announced it will begin shipping Helios, its first rack-scale AI system, to customers including Meta, OpenAI, and Oracle. Net income rose to $2.3 billion from $872 million a year ago. The chipmaker raised its semiconductor industry outlook, projecting a $2 trillion annual market by 2028.