Advanced Micro Devices reported first-quarter 2026 results above estimates, with EPS of $1.37 versus $1.27 expected and revenue of $10.25 billion versus $9.85 billion expected, while data center revenue rose 57% year over year to $5.8 billion. The company forecast second-quarter revenue of $10.90 billion to $11.50 billion, above the $10.52 billion estimate cited in the source, and said server growth should accelerate meaningfully. AMD also reiterated confidence that AI data center revenue can reach tens of billions of dollars by 2027. Following the outlook, shares climbed to a record high, with analysts saying AMD is gaining ground against Nvidia in AI chips and benefiting from stronger CPU demand tied to agentic AI systems.