Live Nasdaq Composite: Tech Stock Strength Buoys Market Sentiment Despite Hawkish Fed
Q1 25 EPS
$0.96
BEAT +2.83%
Est. $0.93
Q1 25 Revenue
$7.44B
BEAT +4.47%
Est. $7.12B
vs S&P Since Q1 25
+395.7%
BEATING MARKET
AMD +428.7% vs S&P +32.9%
Market Reaction
Did AMD Beat Earnings? Q1 2025 Results
Advanced Micro Devices delivered a strong first quarter for 2025, beating Wall Street expectations on both the top and bottom lines as surging data center demand propelled the chipmaker to its fourth consecutive quarter of accelerating growth. AMD po… Read more Advanced Micro Devices delivered a strong first quarter for 2025, beating Wall Street expectations on both the top and bottom lines as surging data center demand propelled the chipmaker to its fourth consecutive quarter of accelerating growth. AMD posted non-GAAP diluted EPS of $0.96, ahead of the $0.93 consensus estimate by 2.83%, while revenue of $7.44 billion topped expectations by 4.47% and climbed 35.9% from a year earlier. The primary engine behind those results was the Data Center segment, which generated $3.67 billion in revenue, up 57% year over year, driven by robust sales of EPYC CPUs and Instinct GPUs as hyperscalers and sovereign AI operators alike expanded their compute buildouts. AMD also completed its acquisition of ZT Systems and separately announced a $6 billion share repurchase authorization, signaling confidence in its long-term trajectory. Looking ahead, AMD guided Q2 2025 revenue to approximately $7.40 billion, though non-GAAP gross margin is expected to compress to roughly 43% due to an approximately $800 million inventory charge tied to new U.S. Export controls, a near-term headwind that clouds an otherwise constructive demand picture.
Key Takeaways
- • Strong AMD EPYC CPU and Instinct GPU sales driving Data Center segment growth of 57% YoY
- • Strong demand for Zen 5 Ryzen processors and richer product mix driving Client revenue up 68% YoY
- • Non-GAAP gross margin expansion to 54% driven by higher Data Center revenue and richer Ryzen mix
- • Year-over-year growth accelerated for the fourth consecutive quarter
AMD YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
AMD Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter driven by strength in our core businesses and expanding data center and AI momentum.”
— Lisa Su, Q1 2025 Earnings Press Release
AMD Earnings Trends
AMD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMD EPS Trend
Earnings per share: estimate vs actual
AMD Revenue Trend
Quarterly revenue: estimate vs actual
AMD Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.29 | $1.37 | +5.88% | $10.25B | +3.41% |
| Q4 25 BEAT FY | $1.32 | $1.53 | +15.98% | $10.27B | +6.20% |
| FY Full Year | — | $4.17 | — | $34.64B | — |
| Q3 25 BEAT | $1.17 | $1.20 | +2.37% | $9.25B | +5.66% |
| Q2 25 MISS | $0.48 | $0.48 | -0.54% | $7.69B | +3.43% |
| Q1 25 BEAT | $0.93 | $0.96 | +2.83% | $7.44B | +4.47% |
| Q4 24 BEAT FY | $1.09 | $1.09 | +0.36% | $7.66B | +1.76% |
| FY Full Year | — | $3.31 | — | $25.79B | — |
| Q3 24 BEAT | $0.91 | $0.92 | +1.10% | $6.82B | +1.64% |
| Q2 24 BEAT | $0.68 | $0.69 | +1.47% | $5.84B | +1.94% |