Advanced Micro Devices shares rose nearly 5% in after-hours trading Tuesday after the chipmaker beat Wall Street expectations for earnings and revenue in the first quarter, according to Benzinga. AMD reported Q1 revenue of $7.44 billion, topping the $7.13 billion consensus, and adjusted EPS of 96 cents versus 94 cents expected. CEO Lisa Su highlighted accelerating growth for the fourth straight quarter, citing strength in AI and data center demand. AMD expects second-quarter revenue of around $7.4 billion, slightly above the $7.24 billion forecast by analysts. The company also projects a non-GAAP gross margin of 43%, factoring in a $800 million inventory charge tied to new export controls.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Vance Micro Devices shares rose nearly 5% in after-hours trading Tuesday after the chipmaker
00:07beat Wall Street expectations for earnings and revenue in the first quarter, according to Benzinga.
00:11AMT reported Q1 revenue of $7.44 billion, topping the $7.13 billion consensus and adjusted an
00:17EPS of $0.96 versus the $0.94 expected. CEO Lisa Su highlighted accelerating growth for the fourth
00:23straight quarter, citing strengthened AI and data center demand. AMT expects second quarter revenue
00:27of around $7.4 billion, slightly above the $7.24 billion forecast by analysts. The company
00:33also projects a non-gap gross margin of 43%, factoring an $800 million inventory charge
00:38tied to new export controls. For all things money, visit Benzinga.com slash GSTV.