AMD Q2 recap: Solid headline numbers, but data center weakness weighs on shares ...Middle East

Adjusted EPS: $0.48, just shy of the $0.49 consensus

Q3 Guidance: $8.7 billion revenue (vs. $8.31 billion expected); gross margin ~54%

While headline results were solid, data center revenue rose just 14% to $3.2 billion, lagging investor expectations amid comparison to Nvidia’s far stronger growth. CEO Lisa Su cited lower AI chip sales to China and the transition to the new MI350 series, which is now in volume production.

NASDAQ (NQ futures) lower so far for the session also, but showing some life now.

This article was written by Eamonn Sheridan at investinglive.com.

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