AMD reported second-quarter revenue of $11.54 billion, up 50% and above analyst estimates of $11.28 billion.
Adjusted earnings came in at $1.66 per share, beating the $1.62 forecast by analysts.
Data Center Growth
The company's Data Center segment performed particularly strongly, with revenue more than doubling to $6.72 billion, topping estimates of $6.48 billion. AMD said the results reflect growing demand for processors used in artificial intelligence infrastructure, as major technology companies and governments increase investment in the sector.
Third-Quarter Outlook
AMD said it now expects third-quarter revenue of about $13 billion, with a margin of $300 million, above the average analyst estimate of $12.52 billion.
AMD, considered Nvidia's main competitor in the market for AI graphics processors, has broadened its strategy in recent years. It now offers not just individual chips but integrated AI systems combining processors, networking equipment and other hardware, aiming to compete more effectively with Nvidia's integrated solutions.
