Chipmaker AMD posted first-quarter results that beat market expectations and also forecast second-quarter revenue above estimates, lifting its shares 5 percent in after-hours trading.
On Monday, AMD released its first-quarter results and said revenue rose 38 percent from $7.44 billion a year earlier. Data centre revenue rose 57 percent to $5.8 billion from $3.67 billion a year earlier. Net profit rose to $1.38 billion, or 84 cents per share, from $709 million, or 44 cents per share, a year earlier.
AMD forecast second-quarter revenue of about $11.2 billion. That is above the market estimate of $10.52 billion.
AMD CEO Lisa Su (리사 수) said, "The data centre segment has become a key driver of revenue and profit growth." She added, "We expect server segment growth to accelerate to a meaningful level as supply expands."
AMD shares have risen more than threefold over the past year and are up 66 percent so far this year. AMD trails Nvidia by a wide margin in the market for GPUs for AI data centres, but investors are focusing on expectations that the market is large enough to accommodate multiple companies, CNBC reported.
Hwang Chi-gyu
delight@d-today.co.kr