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.
Revenues came in at a record $5.89 billion, representing a 71 percent year-over-year growth and 22 percent sequential increase. AMD’s topline exceeded the consensus estimate of $5.52 billion and the company’s guidance of $5 billion, plus or minus $100 million.
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