Chipmaker Advanced Micro Devices, Inc. (NASDAQ: AMD) reported an increase in revenue and adjusted earnings for the third quarter of 2024.
Third-quarter earnings, on an adjusted basis, rose to $0.92 per share from $0.70 per share in the corresponding period last year. Earnings topped expectations. On a reported basis, net income was $771 million or $0.47 per share in Q3, compared to $299 million or $0.18 per share in the prior-year period.
Revenues increased to $6.82 billion in the September quarter from $5.8 billion in the comparable period of fiscal 2023, as the recovery in chip demand continued.
The post Everything you need to know about Advanced Micro Devices’ Q3 earnings first appeared on AlphaStreet.
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