AMD Crushes Q2 Estimates as Revenue Jumps 50%

The Main Points

• AMD reported second-quarter earnings of $1.66 per share, up sharply from 48 cents a year earlier and well above the $1.61 analysts expected.
• Revenue rose 50% year-over-year to $11.5 billion, topping the $11.3 billion consensus estimate.
• The results add AMD to a growing list of chipmakers posting strong numbers this earnings season, even as parts of the memory and storage side of the sector have wobbled.