Advanced Micro Devices Inc. (AMD) reported adjusted earnings of $1.37 per share for Q1 2026, surpassing the Zacks Consensus Estimate of $1.30 per share and up from $0.96 per share a year earlier. The company’s quarterly revenues reached $10.25 billion, exceeding expectations by 4.09% and representing a significant increase from $7.44 billion in the same period last year. Data center revenues surged 57% year-over-year to $5.8 billion, driven by higher demand for EPYC server CPUs and Instinct accelerators from cloud and enterprise customers.
AMD’s EPYC adoption is propelled by AI workloads, with server CPU revenues increasing over 50% year-on-year in Q1 2026, and projected to grow more than 70% in Q2 2026. The company’s long-term projections estimate the server CPU market could grow beyond 35% annually, reaching over $120 billion by 2030. For 2026, the Zacks Consensus Estimate anticipates revenues of $48.02 billion, a 38.6% annual increase, and earnings of $7 per share, representing a 67.9% growth year-over-year.
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