Advanced Micro Devices (AMD) delivered Q2 results (link to earlier post for more) that topped revenue expectations but disappointed on the data center front, a key growth segment tied to AI.
Adjusted EPS: $0.48, just shy of the $0.49 consensus
Revenue: $7.69 billion, above the $7.40 billion estimate
Q3 Guidance: $8.7 billion revenue (vs. $8.31 billion expected); gross margin ~54%
China Impact: Outlook excludes MI308 AI chip sales to China as U.S. license approvals remain pending. AMD expects a $1.5 billion revenue hit this year from U.S. export curbs.
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.
Despite strong year-to-date gains, AMD shares fell more than 5% in after-hours trade, as markets reassessed AI momentum and data center competitiveness heading into Nvidia’s earnings later this month.
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.Hence then, the article about amd q2 recap solid headline numbers but data center weakness weighs on shares was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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