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AMD shares drop 7.3% in premarket despite strong earnings

MarketWatch +2 ·

AMD Advanced Micro Devices Inc
$526.33 +8.60%
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  1. 1AMD (Advanced Micro Devices) shares fall 7.3% in premarket trading despite record revenue and guidance beat
  2. 2Q2 revenue of $11.54 billion and adjusted EPS of $1.66 exceed expectations; Q3 revenue guidance of approximately $13.0 billion
  3. 3Gross margin of 54% and capex surge to $808 million; SpaceX's shift to Nvidia offsets the strong results

This 3-line summary is compiled from the report below.

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