AMD Reports Record Performances All Around in Beat-And-Raise Q1, Stock Rallies

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Advanced Micro Devices, Inc. reported record first-quarter revenue and non-GAAP net income that comfortably beat estimates.

The chipmaker’s results reflected across-the-board strength, led by higher Ryzen and EPYC processor sales and solid semi-custom revenue. The company raised its full-year revenue guidance, citing strong contributions from Xilinx and server and semi-custom segments.

AMD’s Key Q1 Metrics

AMD reported first-quarter non-GAAP earnings per share of $1.13, exceeding the 91-cent consensus estimate. This compares to the year-ago quarter’s 52 cents and the December quarter’s 92 cents per share.