Northland Reiterates Outperform Rating on AMD (AMD)

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AMD Reports Second Quarter 2024 Financial Results

July 30, 2024 4:15 PM EDT

SANTA CLARA, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the second quarter of 2024 of $5.8 billion, gross margin of 49%, operating income of $269 million, net income of $265 million and diluted earnings per share of $0.16. On a non-GAAP(*) basis, gross margin was 53%, operating income was $1.3 billion, net income was $1.1 billion and diluted earnings per share was $0.69.

We delivered strong revenue and earnings growth in the second quarter driven by record Data Center segment revenue,... More