Advanced Micro Devices reports stronger-than-expected Q2 earnings and revenue, with adjusted EPS beating estimates by $0.04.
Advanced Micro Devices reported Q2 adjusted earnings per share of $1.66, surpassing the estimated $1.62. Revenue reached $11.54B, above the $11.31B forecast, while adjusted operating income hit $3.09B, exceeding expectations of $3.01B.
The company’s adjusted operating margin stood at 27.0%, slightly above the 26.9% estimate. Research and development expenses totaled $2.53B, higher than the $2.45B projection, and capital expenditures surged to $808M, well above the $298.6M estimate.
AMD guided Q3 revenue between $12.70B and $13.30B, above the $12.51B consensus estimate.