Advanced Micro Devices Reports Q2 Beat, Provides Guidance


Advanced Micro Devices, Inc. (NASDAQ:AMD) reported its Q2 results, with EPS coming in at $1.05, better than the Street estimate of $1.03. Revenue was $6.6 billion, beating the Street estimate of $6.53 billion.
Client segment grew 25% year-over-year. Management estimates an approximately 15% quarter-over-quarter decrease in segment revenues and expects the PC market at 290-300 million units this year, down 12%.
Data Center segment grew 83% year-over-year including XLNX. Milan (64 cores) momentum is expected to continue through the second half of the year. Genoa (96 cores) launch is on track for later this year.
Gaming segment grew 32% year-over-year. Semi-custom supported the segment led by Sony, Microsoft, and Steam consoles.
The company expects Q3/22 revenue in the range of $6.5-6.9 billion, compared to the consensus estimate of $6.82 billion. For the full 2022-year, the company expects revenue in the range of $26.3 billion, compared to the consensus estimate of $26.1 billion.


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