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
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's
PepsiCo (PEP) to report Q1 earnings next week. Here’s what to expect
PepsiCo, Inc. (NASDAQ: PEP) is preparing to report first-quarter results on April 23, before the opening bell. Of late, the food and beverage giant has been busy aligning its business
What to expect when Southwest Airlines (LUV) reports Q1 2024 earnings results
Shares of Southwest Airlines Co. (NYSE: LUV) were up 2% on Thursday. The stock has dropped 8% over the past one year. The airline is scheduled to report its first
