AMD’s stock soars 20% as data center growth pushes revenue and guidance past estimates

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 submitted by /u/Puginator [link] [comments]