Advanced Micro Devices (AMD) declared mixed financial results for the second quarter of 2025. The company posted a record $7.7 billion in revenue, marking a 32% increase compared to last year and surpassing analyst expectations. However, adjusted earnings per share came in at $0.48, slightly below forecasts, with margins affected by an $800 million inventory write-down related to U.S. export restrictions on AI chips destined for China. Looking ahead, AMD remains optimistic, forecasting third-quarter revenues between $8.4 billion and $9 billion. This positive outlook is driven by increasing demand for AMD’s AI-focused processors, signaling robust growth in its data center and AI business despite current market challenges.
Read more: Yahoo Finance
