AMD tops estimates for first quarter as data center revenue jumps 57%

Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during the 2026 CES event in Las Vegas, Nevada, US, on Monday, Jan. 5, 2026. Bridget Bennett | Bloomberg | Advanced Micro Devices reported first-quarter earnings Tuesday that topped expectations, while the company's revenue forecast also exceeded estimates as demand soars for chips to power artificial intelligence workloads. The stock jumped about 5% in extended trading. Here's how the chipmaker did versus LSEG consensus estimates for the quarter ended in March: EPS: $1.37 vs. $1.29 adjusted expected Revenue: $10.25 billion vs. $9.89 billion expected Revenue jumped 38% from $7.44 billion a year ago, the company said in a release on Tuesday. Data center sales climbed 57% to $5.8 billion from $3.67 billion in the same period a year earlier. For the second quarter, AMD said it expects about $11.2 billion in revenue, versus expectations of $10.52 billion, according to LSEG. AMD CEO Lisa Su said in the statement that the data center unit is now the "primary driver of our revenue and earnings growth." "Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand," Su said. Net income climbed to $1.38 billion, or 84 cents per share in the quarter, from $709 million, or 44 cents per share, a year ago. AMD's stock has been on a tear, more than tripling over the past year, including a 66% jump so far in 2026. …