AMD reported a first quarter revenue of 10.3 billion dollars, which represents a remarkable 38% increase compared to the $7.44 billion recorded a year ago. The company’s gross margin stood at 53%, while operating income reached $1.5 billion. Net income for the quarter was $1.4 billion, resulting in diluted earnings per share of $0.84.

Key revenue segments:

The Data Center segment generated $5.8 billion , marking a 57% year-over-year increase. and The Client and Gaming segment brought in $3.6 billion , up 23% from last year.

Dr. Lisa Su, AMD’s CEO, stated, “We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure, with Data Center now the primary driver of our revenue and earnings growth.” Jean Hu, AMD’s CFO, added that these results showcase the company’s continued momentum and execution across the business.

Looking ahead, AMD anticipates revenue to reach approximately $11.2 billion in the second quarter of 2026. Dr. Su noted that server growth is expected to accelerate significantly as they scale supply to meet rising demand for their AMD EPYC processors.

The strong performance of AMD’s stock reflects investor confidence in its ability to capitalize on the growing market for AI infrastructure and data center solutions—areas where AMD Radeon GPUs are becoming increasingly vital.

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Key financial figures:

• Capital expenditures totaled $19.84 billion, below the average estimate of $27.57 billion.
• Full-year capital expenditure guidance raised to a range of $125 billion to $145 billion.
• Full-year expense outlook maintained at between $162 billion and $169 billion.

Mark Zuckerberg stated, “I expect that we will invest a significant amount of capital over the coming years to pursue that opportunity.” This investment focus includes plans for AI infrastructure, which Meta aims to bolster significantly in the upcoming years.

The increase in headcount reflects ongoing growth, with Meta employing 77,986 people as of March 31, marking a 1% rise year-on-year.

The results come against a backdrop of strong momentum in technology stocks; the Nasdaq Composite has risen by 14% for the month through Wednesday’s close. However, investor sentiment has soured following these mixed results.

Meta’s capital expenditures were lower than anticipated, reflecting concerns about future profitability and operational efficiency. The company attributed this shortfall partly to higher component pricing and additional data center costs necessary to support future capacity.

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