Overview

• AMD delivered $7.69 billion in second-quarter revenue, beating estimates of $7.41 billion, and reported $0.48 in adjusted EPS, one cent below consensus.
• Data center revenue rose 14 percent year-over-year to $3.2 billion while client and gaming sales jumped 69 percent to $3.6 billion as embedded revenue fell 4 percent.
• U.S. export restrictions on MI308 AI GPUs led to roughly $800 million in charges, and AMD expects Commerce Department waivers to restore shipments to China.
• The company sees third-quarter revenue of approximately $8.7 billion, plus or minus $300 million, driven by AI product ramps and ongoing processor share gains.
• AMD announced new MI400 AI accelerators expected next year and saw its Ryzen CPU adoption among Steam users reach 40.39 percent, a 17-year high.