AMD surpasses Q2 expectations on record data center revenue

Category: Finance

AMD reported second quarter 2024 revenue of $5.84B, exceeding estimates, driven by record Data Center revenue of $2.8B. Non-GAAP earnings per share reached $0.69. The company anticipates continued growth in the AI sector and expects third quarter revenue of $6.7B. Despite strong performance, high inventory levels remain a concern amid competitive pressures from Nvidia.

Keywords: AMD, financial results, Data Center revenue

Source: Seeking Alpha

Update At: 7/31/2024

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