Late on Tuesday, AMD announced its financial results for the first quarter of fiscal 2025, posting its highest quarterly revenue ever. The company's results were driven by sales of expensive client and datacenter CPUs as well as improved sales of Instinct MI300-series AI accelerators. However, the company's gaming earnings dropped mainly due to the slowdown of console sales. But while the company's revenues in Q1 set records, AMD warned that the U.S. export tariffs may hit its sales by around $1.5 billion in 2025.
AMD posted a revenue of $7.438 billion for the first quarter of 2025, up 36% year-over-year. When it comes to earnings, this is the best quarter posted by AMD throughout its history. In fact, it is more than AMD earned for the whole year 2019. AMD's gross profit totaled $3.736 billion, whereas its net income achieved $709 million for the quarter (up a whopping 2,139% for the same quarter a year ago) as its gross margin hit 50%.
