AMD Instinct MI350 Series accelerators are debuting now.
AMD Instinct MI350 Series accelerators are debuting now.
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AMD hits $7.7B record revenue in Q2 despite China AI ban

Advanced Micro Devices reported a record $7.7 billion (up 32%) in revenue for the second quarter ended June 30 — a solid result in spite of a ban on high-end chip sales to China.

AMD said its gross margin was 40%, operating loss was $134 million, net income was $872 million and diluted earnings per share was 54 cents.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.