Beats expectations with record revenue in the Data Center segment

AMD has officially announced its financial results for the second quarter of 2024, reporting a revenue of $5.8 billion with a gross margin of 49 percent. AMD managed to beat expectations, with up to 9 percent higher revenue and 3 points higher gross margin, compared to the last year. The clear winner was its Data Center segment, reporting an increase of 115 percent, driven by AMD Instinct GPU and 4th gen EPYC CPU sales.