AMD reported first-quarter earnings and revenue above estimates, while the company said data center revenue reached $5.8 billion, up 57% year over year, highlighting strong growth in a key segment.
Advanced Micro Devices reported first-quarter earnings per share of $1.37 and revenue of $10.25 billion, exceeding source estimates of $1.27 and $9.85 billion, respectively. AMD also said first-quarter data center revenue totaled $5.8 billion, up 57% from a year earlier, indicating strong expansion in a core business tied to cloud infrastructure, artificial intelligence workloads, and enterprise computing.