AMD reports massive $808 million in capex spending in Q2 earnings.

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0:00

AMD has just crossed the wire. Let's get

0:02

you those numbers. Q2 uh adjusted EPS

0:06

166 versus an estimate of 162. So that's

0:09

a beat on your bottom line. Look at the

0:11

top line. Q2 revenue 11.54 billion.

0:15

Consensus was 11.31 billion. So beats on

0:18

the bottom and the top. Uh Q2 adjusted

0:21

operating margins better than expected

0:23

there by a hair. 27% the estimate was

0:25

26.9%.

0:27

Uh so they're holding in there. uh Q2

0:30

capex number. Let's look at that. That

0:32

comes in at 88 million. Analysts had

0:36

thought it was going to be something

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more like 299 million. So 808 versus

0:42

more like 299.

0:45

Um Q3 revenue, let's look ahead there.

0:47

Uh AMD is saying to expect somewhere

0:49

between 12.7 and 3.3 billion. the street

0:53

was closer to 12.5,

0:56

but that Q2 capex number again, 88

0:59

million versus an estimate of 298.6

1:02

million. I think that goes probably a

1:04

long way to explain why the initial

1:06

reaction here in the after hours were

1:07

down a quick nearly 9%

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AMD released its Q2 earnings report, exceeding analyst expectations for both EPS and revenue. Despite these positive figures and a strong Q3 revenue outlook, the company's stock experienced a significant drop of nearly 9% in after-hours trading, largely attributed to a surprisingly low Q2 capital expenditure.

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