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AMD’s AI Datacenter Revenue Dived Due to China GPU Sales Ban
UNITED STATES, AUG 6 – AMD posted $7.7 billion revenue, up 32% year-over-year, but US export restrictions on AI GPUs to China caused an $800 million charge and pressured data center margins.
- On Aug 5, Advanced Micro Devices reported $7.7b in revenue, $872 million in net income, and declined to forecast Chinese Instinct MI308 GPU sales.
- Earlier this year, AMD faced U.S. license controls on AI chip exports to China, with a ban on Instinct MI308 GPU sales costing $800 million and impacting revenue.
- AMD's datacenter segment gained 14% to $3.2 billion, and the gaming segment surged 73% to $1.1 billion.
- In after-hours trading, AMD shares fell almost six percent as CFO Jean X Hu predicted Q3 revenue of $8.7 billion, plus or minus $300 million, with MI308 revenue excluded from guidance.
- The MI400 accelerators are expected to launch next year, with OpenAI planning purchases, while the White House has signaled potential waivers for MI308 exports and licensing remains a key focus.
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For the second quarter of its fiscal 2025, AMD reported a record $7.69 billion in revenue, beating analysts' expectations of $7.42 billion. But the earnings per share of 48 cents was less than the expected 49 cents.Read Entire Article
AMD Stock Declines as Earnings Drop 30% on Government Restricting Advanced AI Chip Sales to China @themotleyfool #stocks $AMD
Key PointsSecond-quarter revenue beat Wall Street's estimate and adjusted earnings per share (EPS) met the analyst expectation.Third-quarter guidance for revenue growth was 28% year over year, above the analyst consensus estimate of 27%. AMD took approximately $800 million in inventory and related charges stemming from the U.S. export controls restricting sales of advanced AI chips to China.10 stocks we like better than Advanced Micro Devices › …
·Alexandria, United States
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Coverage Details
Total News Sources24
Leaning Left2Leaning Right1Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 22%
C 67%
11%
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