AMD Q2 2025 earnings showed a mixed performance—while profits stayed flat, revenue beat expectations thanks to booming AI chip demand. AMD reported $7.7 billion in revenue and projected a strong Q3 forecast of $8.7 billion, driven by growing sales of its MI300 and upcoming MI400 AI accelerators. Despite this, AMD stock dipped over 3% due to export concerns and high valuation pressure. Uncertainty around U.S. restrictions on AI chip sales to China remains a hurdle. Still, AMD is positioning itself as a strong player in the AI space.