Categories AlphaGraphs, Earnings, Technology
AMD Earnings: Advanced Micro Devices Q2 profit rises; revenue up 70%
Chipmaker Advanced Micro Devices, Inc. (NASDAQ: AMD) on Tuesday announced financial results for the second quarter of 2022, reporting a 70% growth in revenues.
Adjusted earnings rose to $1.05 per share in the most recent quarter from $0.63 per share in the second quarter of 2021, and came in above the consensus forecast. Net income was $447 million or $0.27 per share, compared to $710 million or $0.58 per share in the prior-year period.
Check this space to read management/analysts’ comments on AMD’s Q2 2022 results
Second-quarter revenues climbed to $6.55 billion from $3.85 billion in the corresponding period of last year. The top line also exceeded Wall Street’s prediction.
“Each of our segments grew significantly year-over-year, led by higher sales of our data center and embedded products. We see continued growth in the back half of the year highlighted by our next generation 5nm product shipments and supported by our diversified business model,” said AMD’s CEO Lisa Su.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
