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Will AMD Cut Its Guidance?

TheMotleyFool

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Will AMD Cut Its Guidance?Photo, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

Advanced Micro Devices (NASDAQ: AMD) reported some stellar first-quarter results. Revenue surged 71% year over year, helped by the acquisition of Xilinx, and adjusted earnings per share more than doubled. Sales of PC processors and graphics cards surged 33%, while server, embedded, and semi-custom chip sales soared 88%.

Equally as impressive was AMD's guidance. The company called for 69% year-over-year revenue growth in the second quarter, driven by Xilinx and growth in all its segments. For the full year, AMD expects revenue to surge by 60% to $26.3 billion.

Image source: AMD.

Source Fool.com

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