AMD Second-Quarter Results Overview
Advanced Micro Devices (NASDAQ: AMD) will release its second-quarter results on Tuesday, August 4, after the market closes, with management guiding revenue projections around $11.2 billion, indicating a 46% growth year-over-year. The earnings call is scheduled for 5 p.m. ET.
Data center revenue has become a crucial segment for AMD, now accounting for over half of the company’s overall revenue, which saw a year-over-year growth of 57% last quarter. The stock is currently trading at about $476 per share, with a market capitalization of approximately $776 billion, reflecting a forward P/E ratio of 54.
In the first quarter, AMD reported total revenue of $10.3 billion, up 38% year-over-year, driven by strong demand for its EPYC server processors and AI accelerators. The company’s adjusted gross margin was reported at 55%, with non-GAAP earnings per share rising 43% to $1.37.
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