AMD’s data centre business has given the chipmaker a fat quarter as AI buyers keep throwing cash at silicon.
The outfit posted a first-quarter profit of $1.38bn, or 84 cents a share. That compares with $709mn, or 44 cents a share, a year earlier.
Adjusted earnings came in at $1.37 a share. Analysts polled by FactSet had expected $1.29, so the cocaine nose jobs of Wall Street got a pleasant little spreadsheet surprise.
Revenue jumped 38 per cent to $10.25bn. Analysts had expected $9.9bn, so AMD cleared the bar without needing much financial gymnastics.
The chipmaker’s data centre segment sales surged 57 per cent year on year. Demand for EPYC processors and the ramp-up of Instinct GPU shipments did the useful bit.
Client and gaming revenue climbed 23 per cent. Ryzen processors and Radeon GPUs helped, proving an old-fashioned PC kit can still get a look-in while AI eats the room.
AMD chief executive Lisa Su said the company’s results were driven by accelerating demand for artificial intelligence infrastructure.
“We are seeing strong momentum as inferencing and agentic AI drive increasing demand for high-performance CPUs and accelerators. Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand,” she said.
For the current quarter, AMD expects revenue of $11.2bn, plus or minus $300mn. Analysts had expected $10.54bn, so Su has given investors another reason to prod the buy button.
AMD’s share price shot up in overnight trading and is currently at $414.50, up more than 15 points.
