AMD Reports Stellar Q1 Performance with Significant Revenue and Net Income Growth

Advanced Micro Devices Inc. (AMD) announced a remarkable 36% year-over-year increase in its first-quarter revenue for fiscal 2024, reaching an impressive $7.43 billion. This growth underscores the company's strong momentum in its core businesses and its expanding footprint in the data center and AI sectors.

Financial Highlights and Future Outlook

The company's net income saw a dramatic rise of 476% compared to the same quarter in the previous year, totaling $709 million. Diluted earnings per share (EPS) also experienced a significant boost, increasing by 529% to $0.44. Looking ahead, AMD has set its revenue guidance for the second quarter at approximately $7.4 billion, signaling confidence in its continued growth trajectory.

Leadership's Perspective on AMD's Success

"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 Chair and CEO Lisa Su. This statement highlights the strategic areas that are propelling AMD's success in the competitive tech landscape.

Market Reaction to AMD's Q1 Results

Following the announcement, AMD's stock price surged by 4.73% in after-hours trading, with shares trading at $98.62 at 4:26 pm ET. This positive market response reflects investor confidence in AMD's growth prospects and its leadership in the technology sector.