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.

Advanced Micro Devices Q2 2022 earnings infographic

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

  • Advanced Micro Devices Q1 2022 earnings infographic
  • Advanced Micro Devices Q4 2021 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

WMT Earnings: All you need to know about Walmart’s Q2 2023 earnings results

Walmart Inc. (NYSE: WMT) reported second quarter 2023 earnings results today. Total revenue increased 8.4% year-over-year to $152.9 billion. Revenues grew 9.1% in constant currency. Consolidated net income attributable to

Rivian (RIVN) reaffirms production goals. Will it be a smooth ride?

The evolution of the electric vehicle industry accelerated in recent years even as innovations in battery technology and affordability brought EVs into the mainstream. Encouraged by the success of market

Pfizer (PFE): A look at the headwinds and tailwinds this pharma giant faces in the near term

Shares of Pfizer Inc. (NYSE: PFE) were down on Monday. The stock has dropped 15% year-to-date and there is a mixed sentiment surrounding the company’s growth prospects. Pfizer has benefited

Add Comment
Viewing Highlight