Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., during a Bloomberg Television interview in San Francisco, Oct. 6, 2025.
Advanced Micro Devices reported fourth-quarter earnings that topped expectations, but the company's first-quarter forecast fell short of what some analysts were expecting amid an AI spending boom.
The stock fell Tuesday more than 6% in extended trading.
Here's how the chipmaker did versus LSEG consensus estimates for the quarter ended in December:
EPS: $1.53 vs. $1.32 expected
$1.53 vs. $1.32 expected Revenue: $10.27 billion versus $9.67 billion expected
For the first quarter, AMD said it expects $9.8 billion in revenue, plus or minus $300 million, versus expectations of $9.38 billion. Some analysts, however, were expecting AMD to provide stronger guidance as customers continue to ramp up spending for the chips necessary to power AI models.
Net income climbed to $1.51 billion, or 92 cents per share, versus $482 million, or 29 cents per share, in the year-ago period. AMD's overall revenue was up 34% on an annual basis.
AMD is one of two makers of big graphics processors for artificial intelligence, although it has only a small portion of the market, which is currently dominated by Nvidia.
The chipmaker has recently announced some big customers, including OpenAI, the maker of ChatGPT, and Oracle . AMD plans to ship a new integrated server-scale AI system called Helios later this year. Shares have more than doubled over the past year.
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