AMD Earnings: Highlights of Superior Micro Units’ Q2 2024 outcomes

Chipmaker Superior Micro Units, Inc. (NASDAQ: AMD) reported a rise in revenues and adjusted earnings for the second quarter of 2024.

Second-quarter earnings, on an adjusted foundation, rose to $0.69 per share from $0.58 per share within the corresponding interval final yr. On a reported foundation, internet earnings was $265 million or $0.16 per share in Q2, in comparison with $27 million or $0.02 per share within the prior-year interval.

Revenues elevated to $5.84 billion within the June quarter from $5.36 billion within the comparable interval of fiscal 2023, reflecting continued restoration in chip demand.

Prior Efficiency