Advanced Micro Devices Inc
- Advanced Micro Devices soared 21% to $429.58 after the chip and server company reported better-than-expected first-quarter results.
The sustained growth in demand from data centers supported the increase in outlook beyond the market expectations.
Revenue jumped 38% to $10.3 billion from $7.4 billion, net income advanced 95% to $1.4 billion from $709 million, and diluted earnings per share soared 91% to 84 cents from 44 cents a year ago.
Data center revenue soared 57% from a year ago to $5.8 billion, driven by strong demand for the company's CPU and GPU processors.
Client and gaming segment revenue rose 23% to $3.6 billion, and embedded segment revenue increased 6% to $873 million.
For the second quarter, the company estimated revenue of $11.2 billion, with a band of $300 million, an annual increase of 46% from the midpoint of the range, and a sequential increase of 9%.
The company guided an adjusted gross margin of 56%.
In the year so far, AMD has surged 65% and, over the last 52 weeks of trading, advanced 260%.
May 6, 2026
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