Technology

Advanced Micro Devices (NASDAQ:AMD) reported fiscal Q2 non-GAAP net income of $0.58 per share, down from $1.05 a year earlier. Analysts polled by Capital IQ expected $0.57. Net revenue for the quarter ended July 1 was $5.36 billion, compared with $6.55 billion a year earlier. Analysts surveyed by Capital IQ expected $5.32 billion. The company said it expects fiscal Q3 revenue of roughly $5.70 billion, plus or minus $300 million. Analysts surveyed by Capital IQ expect $5.85 billion.

Company Management Jean Hu – Executive Vice President, Chief Financial Officer, and Treasurer Lisa Su – Chair and Chief Executive Officer Mitch Haws – Head of Investor Relations Analysts Aaron Rakers – Wells Fargo Chris Danely – Citi Christopher Rolland – SIG Harlan Sur – JP Morgan Harsh Kumar – Piper Sandler Joseph Moore – Morgan Stanley Matt Ramsay – TD Cowen Stacy Rasgon – Bernstein Research Timothy Arcuri – UBS Toshiya Hari – Goldman Sachs Vivek Arya – Bank of America Securities Operator We will now be conducting a question-and-answer session.  And the first question comes from the line of Matt Ramsay with TD Cowen. Please proceed with your question. Matt Ramsay Yes, good afternoon, and thanks for taking my questions, and congrats on the results. I guess, Lisa, my first question is around the Datacenter business. I think we’re all, across the industry, observing a shift in workload