AMD forecasts revenue above expectations on strong AI demand, shares jump 12%
Cloud companies are accelerating AI infrastructure spending, and AMD said data-center chip demand lifted its second-quarter revenue outlook above Wall Street estimates.
- On Tuesday, Advanced Micro Devices forecasted second-quarter revenue of $11.2 billion, exceeding analyst estimates of $10.52 billion, as cloud-computing companies accelerate spending on artificial-intelligence infrastructure.
- First-Quarter sales rose 38 per cent to $10.3 billion, while the company's data centre segment revenue jumped 57 per cent to $5.8 billion, outpacing analyst expectations.
- CEO Lisa Su expects to generate tens of billions in annual data centre revenue by 2027, as the server CPU market grows at greater than 35 per cent annually.
- Shares of the company soared 16.5 per cent in late trading on Tuesday, extending a year-to-date rally that has seen the stock surge about 65 per cent.
- The company plans for lower second-half PC shipments due to higher component costs, and expects second-half gaming revenue to decline more than 20 per cent compared with the first.
23 Articles
23 Articles
AMD Rockets Higher as AI Demand Keeps Powering Tech
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AMD forecast sparks AI‑driven rally in U.S. chipmaker stocks
U.S. semiconductor stocks rose on Wednesday as Advanced Micro Devices’ strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending.
Lisa Su Says AMD Has Secured Critical AI Memory Supply, But Rising Prices Threaten PC And Gaming Demand
On Tuesday, Advanced Micro Devices, Inc. (NASDAQ:AMD) said it has locked in enough memory supply to support its rapidly expanding AI ambitions, even as rising memory costs could pressure consumer demand across PCs and gaming later this year. AMD Secures Memory Supply To Support AI Data Center Demand During AMD's first-quarter 2026 earnings call, CEO Lisa Su said the company's partnerships with major memory suppliers have positioned it well despi…
digitimes.com
technewstube.comAMD earnings call: AI is turning CPUs back into the main event
AMD's fiscal first-quarter 2026 earnings call was not just a victory lap for another data center beat. It was a strategic argument from management: AI infrastructure is no longer only an accelerator story. It is becoming a full compute-platform story, where CPUs, GPUs, memory, software, and rack-scale systems all have to move together.
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