AMD Data Center Revenue Surges 107% as AI Capex Fuels Bullish Outlook

Earnings Impact 4
โดย Yahoo Finance·US·Read original
Summary · why it matters

Advanced Micro Devices reported Data Center revenue of $6.72 billion in the second quarter, a 107% year-over-year increase that now represents 58% of total company revenue. Operating income surged 1,585% year-over-year to $1.99 billion, with non-GAAP operating margin expanding to 27% from 12%. The company guided for roughly $13 billion in third-quarter revenue, about 41% year-over-year growth, and highlighted anchor partnerships including 2 gigawatts with Anthropic on MI450, 6 gigawatts with Meta on Instinct, and 6 gigawatts with OpenAI. AMD shares have gained 142.15% year to date and trade at $518.58, with a beta of 2.49, though risks include a trailing P/E near 162 and SpaceX switching to NVIDIA. Analyst consensus is bullish with 5 Strong Buy, 36 Buy, and 10 Hold ratings, and a target of $579.11 implying roughly 12% upside.

Impact on stocks 5

Artificial Intelligence▲ · 5 stocks
Advanced Micro Devices Inc
AMD
▲ PositiveDemandrelevance

Data Center revenue surged 107% YoY to $6.72B, driven by AI demand from partners like Anthropic, Meta, and OpenAI.

Meta Platforms Inc.
META
▲ PositiveDemandrelevance

Meta is highlighted as an anchor partner with 6 gigawatts on Instinct, indicating strong demand for AMD's AI chips.

Theme Impact 3

Off-coverage companies 2

AnthropicPrivate± Mixed
relevance

OpenAIPrivate± Mixed
relevance

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