Chipmaker AMD (NASDAQ: AMD) on Tuesday reported a sharp increase in revenues and adjusted earnings for the first quarter of fiscal 2026. The numbers also topped Wall Street’s expectations.
First-quarter revenue climbed 38% to $10.3 billion from $7.44 billion in the comparable period last year. The latest number also came in above analysts’ forecasts. Data Center segment revenue and Client & Gaming segment revenue grew 57% and 23%, respectively, during the three months.
The strong top-line growth translated into a a 43% surge in first-quarter adjusted earnings to $1.37 per share from $0.96 per share in Q1 2025. Earnings exceeded consensus estimates. On an unadjusted basis, AMD’s Q1 net income was $1.38 billion or $0.84 per share, compared to $709 million or $0.44 per share in the prior-year quarter.
Lisa Su, AMD’s CEO, said, “We are seeing strong momentum as inferencing and agentic AI drive increasing demand for high-performance CPUs and accelerators. Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand. Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations and a growing pipeline of large-scale deployments providing us with increasing visibility into our growth trajectory.”
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