AMD beats on earnings and revenue, but third-quarter forecast comes in light

▤ Summary

Heres how the company did: The chipmaker said it expected $6.7 billion in revenue during the current quarter, plus or minus $200 million. AMD currently has a significant market opportunity as its primary rival for PC and server processors, Intel, stumbles with execution. AMDs chips have surpassed Intels in terms of performance, and investors are looking to see if the company has the supply and execution to take market share. All four of AMDs major segments grew during the quarter, in which overall revenue rose 70% on a year-over-year basis. The segment includes chips for cloud computing and AMD said the growth was because of strong sales for server processors.

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AMD

$25M to $50M