Categories AlphaGraphs, Earnings, Technology
AMD Earnings: Advanced Micro Devices Q2 2023 profit drops on lower revenues
Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a sharp fall in adjusted profit for the second quarter of 2023, hurt by an 18% decline in revenues.
Earnings, excluding special items, dropped to $0.58 per share in the most recent quarter from $1.05 per share in the second quarter of 2022. On a reported basis, net income was $27 million or $0.02 per share, compared to $447 million or $0.27 per share in the prior-year period.
Second-quarter revenues declined to $5.36 billion from $6.55 billion in the corresponding period of last year.
“We made strong progress meeting key hardware and software milestones to address the growing customer pull for our data center AI solutions and are on track to launch and ramp production of MI300 accelerators in the fourth quarter,” said AMD’s CEO Lisa Su.
Prior Performance
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
