AMD exceeds Q2 expectations, with sales up 9% YoY, beats estimates, strong growth potential.

From Nasdaq: 2024-07-31 15:47:00

AMD exceeds Q2 expectations with sales rising 9% YoY to $5.83 billion, beating estimates by 2%. Q2 EPS of $0.69 beats expectations by 3%. Q3 revenue expected to be $6.7 billion. Acquisition of Silo AI for $665 million will enhance AI capabilities. Stock trading at 40.6X forward earnings, Zacks Rank #3.

AMD’s growth driven by Instinct, Ryzen, EPYC processors. Q2 revenue up 9% YoY. Q3 revenue guidance above estimates. Acquisition of Silo AI to enhance AI capabilities. Stock trades at 40.6X forward earnings. Zacks Rank #3 Hold.

AMD’s stock up over +10% after Q2 report. Projected to reach $6.7 billion in Q3 revenue. Acquisition of Silo AI for $665 million to expand AI capabilities. Stock trading at 40.6X forward earnings. Zacks Rank #3 Hold, with strong long-term growth potential.



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