Tuesday, February 3, 2026 at 11:38 PM
Advanced Micro Devices reported quarterly earnings of $1.53 per share, exceeding analyst expectations of $1.32, and showing significant growth from the previous year's earnings of $1.09 per share.
Earnings at the company’s core semiconductor business rose sharply amid demand for advanced chips needed for the AI infrastructure build-out.
The buy now, pay later company recorded a 30% increase in sales in its fiscal second quarter.
The company, which makes testing equipment for semiconductors and robotics, posted a fourth-quarter profit of $257.2 million, up from $146.3 million a year earlier.
The tech giant reported higher-than-expected spending on AI infrastructure while growth in its closely watched cloud business slowed.
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