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With a massive market cap of $245 billion, Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company specializing in high-performance and adaptive processor technologies across various markets. The California-based company is expected to release its fiscal Q2 earnings results after the market closes on Tuesday, Jul. 30.
Ahead of this event, analysts project the chipmaker giant to report a profit of $0.47 per share, reflecting a 17.5% increase from $0.40 per share in the year-ago quarter. The company has consistently surpassed Wall Street's bottom-line estimates in each of the last four quarterly reports. In the most recent quarter, AMD posted an EPS of $0.43, surpassing the consensus estimate by 4.9% due to stronger-than-expected data center revenue.
