AMD posts record first-quarter results, driven by skyrocketing data center CPU demand — company expects consumer andgaming revenue to decline in Q2 over rising memory and component costs
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AI GeneratedAMD reported record first-quarter results, driven by high demand for its EPYC server processors and Ryzen CPUs, with revenue totaling $10.253 billion. The company expects a decline in consumer and gaming revenue in Q2 due to increasing memory and component costs. AMD raised its long-term outlook for the server CPU market, anticipating it to reach $120 billion by 2030. Data center revenue was a significant driver of growth, with the company's data center division earning $5.8 billion in revenue, up 57% year-over-year. AMD projects massive growth in the second quarter, with revenue expected to reach around $11.2 billion.