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AMD reports weaker-than-expected earnings even as revenue tops estimates
AMD reported slightly missed earnings with 48 cents per share vs. 49 expected, but revenue beat estimates at $7.69 billion.
The stock dropped 5% after hours. The company expects $8.7 billion in sales next quarter.
AMD is the second-largest AI GPU maker behind Nvidia, gaining clients like OpenAI.
New AI chips, Instinct MI400, launch next year, but U.S. export controls hurt sales to China, costing $800 million this quarter.
Data center revenue grew 14% to $3.2 billion, boosted by CPU demand for AI servers, CNBC has reported.
Client and Gaming revenue rose 69% to $3.6 billion, driven by strong Ryzen CPU and gaming GPU sales.
read more: https://www.cnbc.com/2025/08/05/amd-earnings-report-2q-2025.html
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