Advanced Micro Devices Reports Q2 Beat, Provides Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/AMD'>Advanced Micro Devices, Inc. (NASDAQ:AMD)</a> 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.</p>
<p>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%.</p>
<p>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.</p>
<p>Gaming segment grew 32% year-over-year. Semi-custom supported the segment led by Sony, Microsoft, and Steam consoles. </p>
<p>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.</p>

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