AMD forecasts about $13 billion in Q3 revenue on AI chip demand, but shares slide more than 8%
AI Market Summary
AMD's Q2 results beat expectations and its Q3 revenue guide (~$13B) topped consensus, highlighting strong AI datacenter demand and share gains versus Intel. However, the stock fell >8% after-hours as gross-margin guidance was only in line and supply constraints tied to TSMC advanced packaging remain a bottleneck. Near-term trading may focus on margin trajectory, shipment timing for Helios/MI accelerators, and supply visibility.
Impact level
● Medium
Affected assets
NCSKAMD2USD/USDT-4.71%
AI Insight · NCSKAMD2USD/USDTAI Insight
● Neutral
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AMD reported second-quarter results that topped expectations for both revenue and profit. The chipmaker projected third-quarter revenue of about $13 billion, above market estimates. It also said adjusted gross margin is expected to be about 56%, broadly in line with forecasts. AMD shares fell more than 8% in after-hours trading.
