AMD(US:AMD) Zheng Quan Shi Bao Wang·2025-08-06 00:13Core Insights - AMD's Q2 revenue reached $7.685 billion, a 32% year-over-year increase, setting a quarterly record and exceeding analyst expectations [2] - Due to U.S. export restrictions, sales of the MI308 chip to China were limited, resulting in a 30% year-over-year decline in EPS and a drop in gross margin to 43% [2] - Data center revenue grew 14% year-over-year, with a slowdown attributed to MI308 export limitations [2] - Client business (PC chips) showed strong performance with a 67% year-over-year revenue increase, marking three consecutive quarters of record highs [2] - Gaming business reversed its declining trend, achieving a 73% year-over-year revenue growth [2] - AMD's Q3 revenue guidance midpoint is $8.7 billion, a 27.9% year-over-year increase, indicating a slowdown but still above analyst expectations [2] - Q3 gross margin is expected to rebound to 54% [2] - AMD has commenced early production of the new MI350 chip and plans to launch the MI400 series next year [2]