AMD Forecasts $11.2 B Q2 Revenue, Cites AI Data Center Demand
Advanced Micro Devices forecast second-quarter revenue of about $11.2 billion, surpassing first-quarter results and triggering a nearly 15 percent after-hours stock gain. The company also cited robust AI-driven data center chip sales as it lifted its full-year outlook.
1. Q2 Forecast and Stock Reaction
Advanced Micro Devices projected second-quarter revenue of approximately $11.2 billion, exceeding its first-quarter sales and analyst consensus. This ambitious forecast prompted a near 15 percent surge in after-hours trading, reflecting strong investor confidence in the company’s guidance.
2. AI Data Center Demand and Outlook
AMD attributed its raised outlook to accelerating AI-driven demand for data center GPUs and EPYC processors. The company’s management confirmed it has expanded production capacity and expects continued revenue growth through the balance of the fiscal year.