SANTA CLARA, California, May 5, 2026, 14:02 (PDT)
- AMD is looking for second-quarter revenue of roughly $11.2 billion, topping what analysts had been expecting.
- First-quarter data-center revenue jumped 57%, lifted by steady demand for AI infrastructure.
- The stock moved higher after hours, yet Nvidia and Intel are still tough hurdles.
Advanced Micro Devices shares jumped 5.5% after hours on Tuesday, with the chipmaker projecting second-quarter revenue of roughly $11.2 billion, give or take $300 million—easily topping the $10.52 billion analysts had expected, according to LSEG. The upbeat guidance comes as demand for AMD’s data-center chips—key components in artificial intelligence systems—remains robust. Reuters
The guidance is grabbing investor attention, as the market looks for signs that AI infrastructure spending is spreading past Nvidia, still the main name in AI chips. According to Bloomberg, AMD’s outlook came in ahead of the roughly $10.5 billion analysts expected—evidence the company is taking a bigger slice of the buildout. Bloomberg
First-quarter numbers topped estimates, pushing the focus forward to the next phase. AI inference—the process of running trained models for end users—continues to drive appetite for not only graphics chips but also CPUs and other data-center components, areas where AMD is in the thick of the competition. Reuters
AMD reported revenue of $10.253 billion for the first quarter, a 38% jump from the same period last year. Net income almost doubled, reaching $1.383 billion, or 84 cents per share. Stripping out stock-based compensation and acquisition costs, adjusted earnings landed at $1.37 per share. Advanced Micro Devices, Inc.
Chief Executive Lisa Su called it “an outstanding first quarter,” highlighting “accelerating demand for AI infrastructure.” Data Center, Su noted, is now “the primary driver” behind both AMD’s revenue and earnings growth. CFO Jean Hu chimed in too, flagging “record quarterly free cash flow.” Advanced Micro Devices, Inc.
Data Center revenue jumped 57% to $5.775 billion, with EPYC server processors and the ongoing rollout of Instinct GPUs—AMD’s chips aimed at AI and high-performance workloads—pushing up the numbers. Client revenue totaled $2.885 billion. Gaming brought in $720 million, while embedded revenue landed at $873 million. Advanced Micro Devices, Inc.
Numbers landed mostly above forecasts, though not across the board. According to MarketScreener, referencing MT Newswires and FactSet, gaming revenue beat the $641.4 million consensus, but embedded revenue slipped just under the $878.9 million mark. The same summary had Data Center revenue outpacing the FactSet estimate of $5.64 billion, and client revenue topping $2.72 billion. MarketScreener
Heading into the report, expectations were already high. Cantor Fitzgerald’s C.J. Muse told MarketWatch he was looking for a “strong beat” from the company, citing tight CPU supply and fresh signs of improving demand at Intel as possible tailwinds. Second-quarter guidance was also supposed to surprise to the upside, according to Muse, who spoke to MarketWatch ahead of the results. MarketWatch
There’s not much margin for error left at AMD. Nvidia still dominates the AI accelerator scene. Intel’s working to claw back share in both server and PC chips. And according to Reuters, AMD could feel the pinch—tight TSMC capacity, higher memory chip prices, plus shortages threaten to squeeze certain business lines. Reuters
AMD says its AI order book keeps growing. The company’s projecting a second-quarter adjusted gross margin of roughly 56%. CEO Lisa Su told investors she expects server growth to pick up speed as AMD ramps up supply to match demand. Advanced Micro Devices, Inc.
