AMD Q1 Earnings Surpass Expectations on Data Center & AI Growth 🚀

Advanced Micro Devices shares rose nearly 5% in after-hours trading Tuesday after the chipmaker beat Wall Street expectations for earnings and revenue in the first quarter, according to Benzinga. AMD reported Q1 revenue of $7.44 billion, topping the $7.13 billion consensus, and adjusted EPS of 96 cents versus 94 cents expected. CEO Lisa Su highlighted accelerating growth for the fourth straight quarter, citing strength in AI and data center demand. AMD expects second-quarter revenue of around $7.4 billion, slightly above the $7.24 billion forecast by analysts. The company also projects a non-GAAP gross margin of 43%, factoring in a $800 million inventory charge tied to new export controls.