Advanced Micro Devices (NASDAQ:AMD – Get Free Report) issued its earnings results on Tuesday. Here are the key takeaways from Advanced Micro Devices’ conference call:Get Advanced Micro Devices alerts:Record Q2 results: Revenue rose 50% year over year to $11.5 billion, while gross margin expanded to 56% and comparable diluted EPS increased approximately 82%. Advanced Micro Devices Stock Up 7.0%Advanced Micro Devices stock traded up $33.94 during trading hours on Tuesday, hitting $518.58. Advanced Micro Devices has a 12-month low of $149.22 and a 12-month high of $584.73. Read MoreReceive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.