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AMD drops 7.89% premarket despite 107% surge in data center revenue

MarketWatch +1 ·

AMD Advanced Micro Devices Inc
$526.33 +8.60%
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  1. 1Advanced Micro Devices (AMD) shares fell 7.89% in premarket trading after its second-quarter earnings release.
  2. 2Second-quarter revenue rose 50% to a record $11.5 billion, with data center revenue climbing 107% to $6.7 billion.
  3. 3Third-quarter revenue guidance came in at roughly $13 billion (±$300 million), implying 41% growth.

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

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