AMD's Q1 Revenue and Earnings Beat Estimates, Stock Rises 5%

Advanced Micro Devices reported first-quarter earnings on Tuesday that topped expectations, with revenue and earnings per share surpassing analyst estimates. The company's stock jumped about 5% in extended trading following the announcement. AMD's revenue forecast for the second quarter also exceeded estimates, signaling continued strength in its data center business.

29 adjusted. 89 billion. 44 billion in the same period a year earlier.

67 billion a year ago, highlighting the segment's growing importance. AMD CEO Lisa Su stated that the data center unit is now the primary driver of revenue and earnings growth. She added that server growth is expected to accelerate meaningfully as supply scales to meet demand.

38 billion, or 84 cents per share, compared to $709 million, or 44 cents per share, a year earlier. 52 billion. The company's stock has more than tripled over the past year and jumped 66% so far in 2026.

Last week, AMD and Intel announced they will pair up on a new instruction set for x86 CPUs, called AI Compute Extensions. This feature aims to increase performance and energy efficiency by boosting compute density by 16 times. The chip industry has faced a global memory shortage due to AI demand, capacity constraints for manufacturing and advanced packaging, and supply chain challenges due to the war in Iran.

Intel reported first-quarter results that trounced analysts' estimates, with its shares more than doubling in April. Micron's shares are up more than 700% in the past year, pushing the company's market cap past $700 billion. AMD is expected to ship its first full rack-scale system for AI data centers, Helios, later in 2026.

Helios is meant to rival Nvidia's Grace Blackwell and Vera Rubin systems that sell for upwards of $3 million. OpenAI and Meta have signed up for shipments of Helios.