Core Insights - AMD reported second-quarter revenue of $7.69 billion, exceeding analyst estimates of $7.41 billion, while adjusted earnings per share were 48 cents, slightly below the expected 49 cents [1][2] - Year-over-year revenue growth was 32%, with a non-GAAP gross margin of 43%. Excluding U.S. Government export control charges, gross margin would have been 54% [2] - The company anticipates third-quarter revenue of approximately $8.7 billion, compared to analyst forecasts of around $8.15 billion [3] Revenue Breakdown - Data Center revenue reached $3.2 billion, a 14% increase year-over-year [6] - Client and Gaming revenue was $3.6 billion, showing a significant 69% year-over-year growth [6] - Embedded revenue totaled $824 million, reflecting a 4% decline year-over-year [6] Management Commentary - CEO Lisa Su highlighted strong revenue growth driven by record sales in server and PC processors, with robust demand across computing and AI products [3] - The company is positioned for significant growth in the second half of the year, supported by the ramp-up of AMD Instinct MI350 series accelerators and ongoing market share gains in EPYC and Ryzen processors [3] Financial Position - AMD reported an operating income of $897 million and ended the quarter with approximately $4.44 billion in cash and cash equivalents [2]