Chipmaker Advanced Micro Devices, Inc. (NASDAQ: AMD) reported an increase in revenues and adjusted earnings for the second quarter of 2024.
Second-quarter earnings, on an adjusted basis, rose to $0.69 per share from $0.58 per share in the corresponding period last year. On a reported basis, net income was $265 million or $0.16 per share in Q2, compared to $27 million or $0.02 per share in the prior-year period.
Revenues increased to $5.84 billion in the June quarter from $5.36 billion in the comparable period of fiscal 2023, reflecting continued recovery in chip demand.