AMD Q1 Earnings: Revenue, EPS Beat Driven By Expanding Data Center, AI Momentum, Chipmaker Expects 'Strong Growth' In 2025

Advanced Micro Devices, Inc AMD reported first-quarter financial results Tuesday after the bell. Here’s a rundown of the report.

Q1 Earnings: AMD reported first-quarter revenue of $7.44 billion, beating analyst estimates of $7.13 billion, according to Benzinga Pro. The chipmaker reported first-quarter adjusted earnings of 96 cents per share, beating analyst estimates of 94 cents per share.

Total revenue was up 36% year-over-year. Here’s a breakdown of revenue by segment.

• Data Center revenue: $3.7 billion, up 57%

• Client revenue: $2.3 billion, up 68%

• Gaming revenue: $647 million, down 30%

• Embedded revenue: $823 million, down 3%

Gross margin came in at 54% in the quarter. The company reported operating income of $1.8 billion and ended the period with approximately $6.06 billion in cash and cash equivalents and restricted cash.

“We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter, driven by strength in our core businesses and expanding data center and AI momentum,” said Lisa Su, chair and CEO of AMD.

“Despite the dynamic macro and regulatory environment, our first quarter results and second quarter outlook highlight the strength of our differentiated product portfolio and consistent execution, positioning us well for strong growth in 2025.”

Outlook: AMD expects second-quarter revenue of approximately $7.4 billion, plus or minus $300 million. Analysts are currently forecasting second-quarter revenue of $7.24 billion.

AMD anticipates a second-quarter non-GAAP gross margin of 43%, which includes an approximate $800 million impact in charges related to inventory due to new export controls, as previously disclosed.

AMD executives will further discuss the quarter on a call with investors and analysts at 5 p.m. ET.

AMD Price Action: AMD shares were up 4.85% after-hours, trading at $103.40 at the time of publication Tuesday, according to Benzinga Pro.

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Photo: courtesy of AMD.