AMD Earnings: Data Center Shines Again
Here's our initial take on Advanced Micro Devices' (NASDAQ: AMD) fiscal 2025 first-quarter financial report.
AMD beat expectations for revenue and earnings per share in the first quarter thanks to strong demand for data center products and solid growth from its PC business segment. Overall revenue jumped 36% year over year to $7.4 billion, marking the best first quarter in AMD's history.
Data center revenue surged 57% year over year to $3.7 billion, driven by demand for EPYC server CPUs and Instinct AI accelerators. AMD didn't disclose AI accelerator sales in its earnings release, although the company may provide more details during the earnings call. AMD previously declined to provide specific guidance for AI accelerator sales in 2025. Rather, the company expects "strong double-digit growth."
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 110 Buy predictions and 3 Sell predictions.
With a target price of 239 € there is a slightly positive potential of 19.58% for Advanced Micro Devices Inc. compared to the current price of 199.86 €.
