AMD earnings beat as overall sales surge 36%

Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris on Feb. 10, 2025. Advanced Micro Devices reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong forecast for current-quarter revenue. Shares of AMD rose more than 4% in extended trading. Here's how the chipmaker did versus LSEG expectations for the quarter that ended March 29: Earnings per share : 96 cents adjusted vs. 94 cents expected : 96 cents adjusted vs. 94 cents expected Revenue: $7.44 billion vs. $7.13 billion expected For the current quarter, AMD expects about $7.4 billion in sales with a gross margin of 43%, versus Wall Street estimates for earnings of 86 cents adjusted on $7.25 billion in sales. AMD's forecast also included $800 million in costs that the company said it would incur because the U.S. limited the export of some of the company's artificial intelligence chips during the quarter. The company reported net income of $ ... Read full article.