The following is a summary of the Advanced Micro Devices, Inc. (AMD) Q2 2024 Earnings Call Transcript:

Financial Performance:

• AMD reported Q2 2024 revenue of $5.8 billion, a 9% increase year-over-year, driven by strong sales in data center and client processors.

• Gross margin expanded by over 3 percentage points, and EPS grew by 19%, reflecting higher profitability from data center product sales.

• Data center segment revenue soared by 115% year-over-year to a record $2.8 billion, fueled by significant growth in Instinct MI300 GPU shipments and EPYC CPU sales.

Business Progress:

• AMD is accelerating AI adoption with expanded availability of Instinct MI300X solutions and strong demand for Ryzen and EPYC processors.

• The company previewed its next-generation Turin family featuring the new Zen 5 core, optimized for performance and efficiency, with up to 192 cores and 384 threads.

• AMD's enterprise and cloud AI customer pipeline grew, with significant advancements in AI software support and features, enhancing deployment on AMD platforms.

Opportunities:

• AMD's data center business is poised for continued growth with the ramp-up of MI300 production and the upcoming launch of the Turin family.

• The company's strategic acquisitions and investments in AI, such as the acquisition of Silo AI, are set to enhance its capabilities in developing tailored AI solutions and optimizing AMD hardware performance.

Risks:

• The gaming segment revenue declined by 59% year-over-year, reflecting lower demand in the semi-custom SoC market as it enters the fifth year of the console cycle.

More details: Advanced Micro Devices IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.