Editor’s note: This story has been updated with additional details on performance in AMD business segments. Chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD) reported Tuesday after the market close with second-quarter earnings and revenue that increased year-over-year amid strength in data center revenue and fairly positive performance in the client business. The guidance for the running quarter also came in ahead of expectations. Reacting to the results, the semiconductor stock was up 4.8% in after-hours trading. AMD Q2 Earnings Takeaways:: Santa Clara, California-based AMD belied pessimism surrounding a possible cutback in orders from Microsoft flagged by analysts and the formidable threat posed by artificial intelligence frontrunner Nvidia Corp. (NASDAQ:NVDA). Here’s how the headline numbers compare to Street estimates and comparable metrics from the prior-year periods. Q2’24 Actuals Q2’24 Consensus* Q2’24 Guidance Y-o-Y Change Q-o-Q Change Revenue $5.84B $5.724B $5.7B +/- $300 M +9% +7% Non-GAAP EPS 69 cents 68 cents N/A +19% +11% Non-GAAP gross margin 53% N/A 53% +3 points +1 point * according to Benzinga Pro data Rival Intel Corp. (NASDAQ:INTC), which typically reports ahead of AMD, is scheduled to announce its quarterly results on Thursday. Intel is expected to report a 23% year-over-year drop in earnings per share and flattish revenue. Commenting on AMD’s results, ...