AMD Q1 Revenue Surges 38% on Data Center and AI Chip Demand
AMD reported a 38% revenue increase in the first quarter, driven by strong demand for data center and AI chips. The data center segment generated $5.8 billion, up 57% year over year. The company raised its second-quarter revenue outlook to $11.2 billion.
Key facts
- AMD revenue climbed 38% in the first quarter
- Data center segment revenue was $5.8 billion, up 57% year over year
- Second-quarter revenue outlook raised to $11.2 billion
- Demand for AI chips drove growth
Entities
Institutions
- AMD
Sources
- Quartz —