AMD beats Q2 EPS and revenue estimates, shares drop after hours on surge in capex
AMD Advanced Micro Devices Inc
$526.33 +8.60%
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- 1AMD (AMD) topped market expectations after the bell on Tuesday with Q2 adjusted EPS of $1.66 and revenue of $11.54 billion
- 2Q2 capital expenditure came in at $808 million, well above the expected $298.6 million, and Q3 revenue guidance is $12.7 billion to $13.3 billion
- 3Shares fell roughly 9% in after-hours trading immediately following the release, with the ramp-up in capex cited as the main driver of the initial reaction
This 3-line summary is compiled from the report below.
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