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Benzinga
Benzinga
Business
Shanthi Rexaline

AMD Reports Record Performances All Around In Beat-And-Raise Q1, Stock Rallies

AMD Nasdaq Xilinx Lisa Su

Advanced Micro Devices, Inc. (NASDAQ:AMD) reported record first-quarter revenue and non-GAAP net income that comfortably beat estimates.

The chipmaker's results reflected across-the-board strength, led by higher Ryzen and EPYC processor sales and solid semi-custom revenue. The company raised its full-year revenue guidance, citing strong contributions from Xilinx and server and semi-custom segments.

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