AMD Stock Soars On Q1 Data Center Revenue Surge, Upbeat Q2 Guidance

• AMD reported adjusted earnings per share of $1.37, ahead of Wall Street’s consensus estimate of $1.29.
• Revenue at AMD’s data center business grew 57% to $5.8 billion.
• Personal computer-related sales rose 23% to $3.6 billion.

Advanced Micro Devices (AMD) stock jumped 6% after-hours, breaching record highs hit last week after the chipmaker’s first quarter revenue and earnings beat street expectations, owing to a jump in its data center business, while forecast-beating second quarter guidance aided sentiment. 

AMD reported adjusted earnings per share of $1.37, ahead of Wall Street’s consensus estimate of $1.29, and up from $0.96 in the same quarter last year. Revenue for the quarter reached $10.3 billion, better than expectations of $9.9 billion, and up 38% year-on-year. 

Revenue at AMD’s data center business grew 57% to $5.8 billion. Analysts had predicted an average of $5.61 billion. Personal computer-related sales rose 23% to $3.6 billion.

“Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand,” Chief Executive Officer Lisa Su said in the statement. “We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure, with data center now the primary driver of our revenue and earnings growth.”

A boom in artificial intelligence usage has spurred supply constraints, and most companies now are looking to increase their supplier pool. AMD and Nvidia are the major companies that manufacture graphics processing units (GPUs) in the world. While Nvidia is the market leader, AMD has recently seen hyperscalers deploy its units. 

AMD Recent Contract Wins

In February 2026, AMD and Meta announced the largest GPU procurement deal in history. Meta will deploy up to 6 gigawatts of custom Instinct MI450 GPUs across its data centers. 

In October 2025, AMD secured a multi-year deal with OpenAI. Starting in late 2026, OpenAI will deploy 1 gigawatt of AMD Instinct MI450 GPUs. 

Oracle announced it will launch the first publicly available AI supercluster powered by 50,000 AMD Instinct MI450 GPUs in Q3 2026. 

AMD Q2 Guidance 

For the second quarter of 2026, AMD expects revenue to be approximately $11.2 billion, plus or minus $300 million, beating expectations of $10.5 billion, as per Fiscal.ai data. 

The revenue guidance range represents year-over-year growth of approximately 46% and a sequential increase of approximately 9%. 

AMD Retail View 

Retail sentiment on Stocktwits was ‘extremely bullish,’ and message volumes were ‘high.’

One user was optimistic that AMD will hit a trillion-dollar market cap soon. 

Another user opined that the positive earnings were already priced in and predicted possible weakness in stock prices. 

 The stock has soared 66% year-to-date.

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