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$AMD announced its financial results for the first quarter of 2026, achieving strong performance and growth, with the stock rising as a result to reach a new all-time high.
Key highlights from the results announcement:
• The company’s revenue increased by 38% year-over-year during the first quarter to reach $10.3 billion—historic revenue—(in the first quarter of 2020, the company achieved revenue of only $1.8 billion!).
• Data center revenues rose by 57% to reach $5.8 billion, accounting for more than 50% of the company’s total revenue.
• Earnings per share came in at $1.37 per share, which is 5.8% higher than expectations.
• The company expects to achieve revenue of $11.2 billion in the second quarter of 2026, higher than the previous average forecast of $10.5 billion.
• The stock rose by more than 16% after the close following the company’s announcement of its results. The stock is currently up more than 60% since the beginning of the year.
#AaveSuesToUnfreeze73MInETH #LayerZeroCEOAdmitsProtocolFlaws $AMD