(PR) AMD Reports Second Quarter 2022 Financial Results

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AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2022 of $6.6 billion, gross margin of 46%, operating income of $526 million, operating margin of 8%, net income of $447 million and diluted earnings per share of $0.27. On a non-GAAP basis, gross margin was 54%, operating income was $2.0 billion, operating margin was 30%, net income was $1.7 billion and diluted earnings per share was $1.05.

"We delivered our eighth straight quarter of record revenue based on our strong execution and expanded product portfolio," said AMD Chair and CEO Dr. Lisa Su. "Each of our segments grew significantly year-over-year, led by higher sales of our data center and embedded products. We see continued growth in the back half of the year highlighted by our next generation 5 nm product shipments and supported by our diversified business model."

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