Advanced Micro Devices tops earnings expectations
Advanced Micro Devices press release (NASDAQ:AMD): Q2 Non-GAAP EPS of $1.05  beats by $0.01.
Revenue of $6.55B (+70.1% Y/Y)  beats by $20M.
Shares -5%.

For the third quarter of 2022, AMD expects revenue to be approximately $6.7 billion, plus or minus $200 million ($6.83B consensus), an increase of approximately 55% year-over-year led by growth in the Data Center and Embedded segments. AMD expects non-GAAP gross margin to be approximately 54% in the third quarter of 2022.
For the full year 2022, AMD re-affirms revenue to be approximately $26.3 billion, plus or minus $300 million vs. $26.18B consensus, an increase of approximately 60% over 2021 led by growth in the Data Center and Embedded segments. AMD continues to expect non-GAAP gross margin to be approximately 54% for 2022.