Summary by Moomoo AI
On July 30, 2024, Advanced Micro Devices, Inc. (AMD) reported its financial results for the second quarter ended June 29, 2024. The company announced a revenue of $5.8 billion, a gross margin of 49%, and net income of $265 million, resulting in diluted earnings per share of $0.16. Non-GAAP figures showed a gross margin of 53%, operating income of $1.3 billion, net income of $1.1 billion, and diluted earnings per share of $0.69. AMD's Data Center segment revenue reached a record $2.8 billion, a 115% increase year-over-year, primarily driven by AMD Instinct GPU shipments and strong sales of 4th Gen AMD EPYC CPUs. The Client segment also saw a 49% increase in revenue year-over-year, attributed to AMD Ryzen processor sales. However, the Gaming segment revenue declined by 59% year-over-year...Show More