AMD pops on Earnings
$AMD $122.28 +4.68 (+3.98%) After hours
EPS: $0.58 vs $0.57 est
Rev: $5.36B vs $5.32B est
Data Center $1.3B (down 11%)
Client $998M (down 54%)
Gaming, $1.6B (down 4%);
Embedded $1.5B (up 16%).
Ramp-up in new-gen Epyc and Ryzen7000 processors.
For Q3 AMDs guiding to revenue of $5.4B-$6.0B (vs. consensus for $5.85B) & gross margin of about 51%, five points better than that in Q2.
