AMD Q2 Earnings: Revenue Beat, EPS Miss, 'Robust' AI Product Demand Positions Company For 'Significant Growth' In Back Half Of Year
1. AMD reported Q2 revenue of $7.69 billion, exceeding estimates. 2. Adjusted earnings missed expectations at 48 cents per share. 3. Data center revenue increased 14%, while gaming surged 69% year-over-year. 4. Export controls led to $800 million in inventory charges, affecting margins. 5. Q3 revenue outlook predicts $8.7 billion, above analyst forecasts.