AMD Sees Q3 2024 Revenue $6.4B-$7B vs $6.61B Est., Expects Q3 2024 Non-GAAP Gross Margin to be Approximately 53.5%
Portfolio Pulse from Benzinga Newsdesk
AMD has provided its Q3 2024 revenue guidance, expecting between $6.4 billion and $7 billion, compared to the estimated $6.61 billion. The company also anticipates a non-GAAP gross margin of approximately 53.5%.
July 30, 2024 | 8:18 pm
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AMD has provided a revenue guidance range for Q3 2024 that is slightly above the estimated $6.61 billion at the high end. The company also expects a strong non-GAAP gross margin of 53.5%.
The revenue guidance range provided by AMD is slightly above the market estimate at the high end, which is likely to be viewed positively by investors. Additionally, the strong non-GAAP gross margin of 53.5% indicates healthy profitability.
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