Advanced Micro Devices reported first-quarter earnings Tuesday that topped expectations, while the company’s revenue forecast also exceeded estimates as demand soars for chips to power artificial intelligence workloads.
The stock ripped 20% higher in premarket trading on Wednesday.
Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ended in March:
- EPS: $1.37 vs. $1.29 adjusted expected
- Revenue: $10.25 billion vs. $9.89 billion expected
Revenue climbed 38% from $7.44 billion a year ago, the company said in a release on Tuesday. Data center sales increased 57% to $5.8 billion from $3.67 billion in the same period a year earlier. Net income rose to $1.38 billion, or 84 cents per share in the quarter, from $709 million, or 44 cents per share, a year ago.
For the second quarter, AMD said it expects about $11.2 billion in revenue, versus expectations of $10.52 billion, according to LSEG.
Source: https://www.cnbc.com/2026/05/05/amd-q1-2026-earnings-report.html