Advanced Micro Devices may not be Nvidia, but its latest earnings show it might not need to be. In its latest quarterly performance, the chipmaker reported a 36% increase in revenue and a 55% rise in Non-GAAP net income.
- Data center sales — which include EPYC server chips and AI products — drove nearly half of AMD’s Q1 revenue, rising 57% to $3.7B.
- The Client and Gaming segment — covering chip sales for consumer tech — grew a still-impressive 28% year-over-year to $2.9B, with operating margins nearly doubling to 17%.
The plus side: Strong performance led AMD to raise its Q2 forecast to $7.4B in sales — ahead of analysts’ $7.25B target. However, the company forewarned that new export controls could result in up to $1.5B in lost revenue this year, with over $800M already booked in Q1. There’s reason to believe that the export restrictions could be relaxed, with the Trump administration reportedly mulling an “easing of regulations” in some markets — a potential lift for AMD and competitors like Nvidia, which earmarked over $5.5B in charges tied to the export controls.
