AMD reported first-quarter revenue of $10.3 billion, marking a 38% increase year-over-year. The gross margin stood at 53%, while operating income reached $1.5 billion—an impressive 83% rise from the previous year.

The company’s net income hit $1.4 billion, reflecting a staggering 95% increase year-over-year. Diluted earnings per share also rose to $0.84, up 91%.

Data center revenue alone accounted for $5.8 billion, up 57% year-over-year. This segment has become the primary driver of AMD’s revenue and earnings growth, according to CEO Dr. Lisa Su.

Key insights from AMD’s financial results:

• The first quarter revenue of $10.3 billion surpassed analysts’ consensus estimates of $9.91 billion.
• The company expects second-quarter revenue to be approximately $11.2 billion, with a margin of plus or minus $300 million.
• The operating margin expanded by 300 basis points year-over-year to 14%.

Jean Hu, AMD’s CFO, noted that these results highlight continued momentum across the business. The company is investing for accelerated growth while expanding profitability.