AMD reports Q2 EPS 18c, consensus 16c - InvestingChannel

AMD reports Q2 EPS 18c, consensus 16c

Reports Q2 revenue $1.93B, consensus $1.86B. Reports Q2 gross margin of 44%, Q2 operating expenses of $617M, and Q2 operating income of 233M. “We delivered strong second quarter results, led by record notebook and server processor sales as Ryzen and EPYC revenue more than doubled from a year ago,” said AMD CEO Lisa Su. “Despite some macroeconomic uncertainty, we are raising our full-year revenue outlook as we enter our next phase of growth driven by the acceleration of our business in multiple markets.”