Europe EditionAMD earnings beat as overall sales surge by 36%
- Advanced Micro Devices reported stronger-than-expected Q1 2025 earnings with revenue reaching $7.44 billion driven by data center and AI chip demand.
- This expansion was driven by a 36% year-over-year rise in revenue, fueled by robust demand for AMD’s data center offerings, including its high-performance server CPUs and AI-focused graphics accelerators, despite challenges posed by ongoing trade disputes.
- AMD’s adjusted earnings per share rose 55% to $0.96, while data center revenue climbed 57% to $3.7 billion, marking the company’s best first quarter.
- Management forecasted Q2 revenue of about $7.4 billion with adjusted gross margin expected to decline to 43% due to a disclosed $800 million charge from U.S. Export restrictions.
- AMD remains optimistic about continued expansion in its data center, AI, and client segments as it heads into 2025, despite facing regulatory hurdles and broader economic uncertainties.
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AMD to Host Annual Meeting of Stockholders
SANTA CLARA, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) will hold its Annual Meeting of Stockholders on Wednesday, May 14, 2025 at 9 a.m. PDT as a virtual meeting accessible at https://www.virtualshareholdermeeting.com/AMD2025. Forward-looking and other material information…
·Muskoka Lakes, Canada
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Leaning Left9Leaning Right2Center6Last UpdatedBias Distribution53% Left
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