AMD reported second-quarter net income of $447 million, or 27 cents a share, compared with $710 million, or 58 cents a share, in the year-ago period. $AMD declined in the extended session after its forecast revenue fell below the Wall Street consensus:
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expectations and reporting a huge surge in data-center sales.
In acquiring Xilinx, AMD brought on board so-called field-programmable gate array, or FPGA, chips that can be configured by a customer or a designer after they are made. Those chips are used as accelerators in data centers to boost computing power and improve power efficiency in existing physical spaces.
AMD forecast third-quarter revenue of $6.5 billion to $6.9 billion, and restated its revenue forecast of to $26 billion to $26.6 billion for the year.
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