It hashes a double amount of data per cycle with much less than a double amount of operations.
SHA-512 is always faster in software than SHA-256, when run on 64-bit CPUs, and it is also faster in the CPUs that support both SHA-256 and SHA-512 in hardware.
Arm-based CPUs have supported SHA-512 already for many years and the latest Intel CPUs also support it, i.e. Lunar Lake, Arrow Lake S (S is for desktops, Arrow Lake H for laptops does not support it), Panther Lake and Clearwater Forest.
I expect that AMD Zen 6 should also support it, because they are the last important vendor without SHA-512 support.
All modern CPUs support SHA-256 in hardware, so it is faster when SHA-512 is not supported in hardware, otherwise SHA-512/256 is preferable, by being both faster and more secure.