AMD Q2 Revenue Surges 50% to $11.5B, Guides Q3 to $13B
AMD has more than doubled off its 52-week low of $149.22.
Summary
AMD delivered a blowout Q2 with revenue jumping 50% YoY to $11.5B, driven by Data Center doubling. GAAP net income more than doubled to $2.3B, and adjusted EPS hit $1.66. The company guided Q3 revenue to ~$13B, well above consensus, signaling sustained AI-fueled momentum. This follows a string of bullish news including the Anthropic partnership and raised 2030 server CPU market outlook. The numbers confirm the demand visibility the company has been telegraphing since June.
At the time of this announcement, AMD was trading at $479.89 on NASDAQ in the Technology sector, with a market capitalization of approximately $845.6B. The 52-week trading range was $149.22 to $584.73. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: dpa-AFX.