[BUSINESS]■ STORY TIMELINE
AMD BEATS Q2 ESTIMATES BUT STOCK SLIDES ON WEAK Q3 OUTLOOK
AMD reported Q2 revenue of $11.5 billion, exceeding analyst expectations of $11.3 billion with a 50% year-over-year increase. However, the company's Q3 guidance fell short of some estimates, triggering a 7% after-hours stock decline.
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Ian King / Bloomberg: AMD reports Q2 revenue up 50% YoY to $11.5B, vs. $11.3B est., Data Center revenue up 107%, forecas…