AMD stock rises after hours as quarterly results, guidance beat estimates

AMD shares rose in after-hours trading after the chipmaker reported first-quarter results that beat Wall Street expectations and issued second-quarter guidance above estimates.

AMD said first-quarter revenue came in at $10.25 billion and non-GAAP diluted earnings per share were $1.37. The company also said data center revenue reached $5.775 billion, up 57% from a year earlier.

For the second quarter, AMD guided revenue to about $11.2 billion, plus or minus $300 million. That outlook came in above consensus and helped drive the stock higher after the release.

The results were issued after market close on May 5. Multiple outlets reported the after-hours gain, with the market focusing on the strength of AMD's data center business and the company’s continued exposure to AI-related demand.

The immediate question is whether the move holds into the next regular session and whether analysts raise their full-year expectations after the beat and raise.

For now, the headline from the quarter is straightforward: AMD delivered better-than-expected results, stronger guidance and another reminder that data center demand is driving the business.