AMD Earnings Surpass Expectations with Strong Revenue Performance

AMD recently announced its second-quarter earnings, reporting an EPS of $0.69, which exceeded analyst expectations of $0.68. The company generated revenue of $5.84 billion for the quarter, surpassing the consensus estimate of $5.72 billion.

### Guidance

For the third quarter of 2024, AMD projects revenue of $6.70 billion, compared to the analyst consensus of $6.61 billion.

AMD’s stock closed at $138.44, reflecting a decline of 8.07% over the past three months but an increase of 21.01% over the last year. In the past 90 days, there have been 14 positive and 20 negative revisions to EPS estimates for the company.

According to financial evaluations, AMD has a “fair performance” rating in terms of its financial health.

Stay informed about upcoming earnings reports to keep track of AMD and other companies in the market.