Chipmaker Superior Micro Gadgets, Inc. (NASDAQ: AMD) reported a rise in revenues and adjusted earnings for the second quarter of 2024.
Second-quarter earnings, on an adjusted foundation, rose to $0.69 per share from $0.58 per share within the corresponding interval final 12 months. On a reported foundation, internet earnings was $265 million or $0.16 per share in Q2, in comparison with $27 million or $0.02 per share within the prior-year interval.
Revenues elevated to $5.84 billion within the June quarter from $5.36 billion within the comparable interval of fiscal 2023, reflecting continued restoration in chip demand.