News
AMD and SMCI Earnings Beat Estimates
AMD reported revenue of $13.38 billion, up 45% year-over-year, beating the expected $13.09 billion. The company's data center revenue reached $8.55 billion, nearly doubling from the previous year. SMCI reported revenue of $19.9 billion, up 298% year-over-year, exceeding the expected $16.3 billion. Non-GAAP gross margin improved to 12.8%, up 330 basis points from the previous year. Both companies saw stock price increases of 8% after hours.