Advanced Micro Devices reported second-quarter revenue of $7.69 billion, exceeding analyst expectations of $7.41 billion, according to Benzinga. Adjusted earnings came in at 48 cents per share, narrowly missing the 49-cent estimate. Revenue rose 32% year-over-year, led by a 69% jump in the Client and Gaming segment and a 14% rise in Data Center sales, though Embedded revenue fell 4%. AMD cited $800 million in inventory and related charges tied to U.S. export restrictions on Instinct MI308 GPUs. CEO Lisa Su said AMD delivered record server and PC processor sales and expects strong growth in the second half, citing demand for its AI and computing products. The company guided third-quarter revenue to approximately $8.7 billion, above the $8.15 billion consensus. Shares fell 4.90% after hours despite a 45% year-to-date gain.
