Advanced Micro Devices, Inc. (NASDAQ:AMD) will release earnings results for the second quarter, after the closing bell on Tuesday, Aug. 5.
Analysts expect the Santa Clara, California-based company to report quarterly earnings at 48 cents per share, down from 69 cents per share in the year-ago period. AMD projects to report quarterly revenue at $7.43 billion, compared to $5.83 billion a year earlier, according to data from Benzinga Pro.
After the market close on Monday, Arteris said AMD licensed its FlexGen network-on-chip (NoC) interconnect IP for its next-generation chips. FlexGen will provide high-performance data transport in AMD chiplets powering AI across data centers and edge and end devices.
AMD shares rose 3% to close at $176.78 on Monday.
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