AMD’s first-quarter revenue rose 38% to a record $10.3bn ($9.9bn expected). Growth was led by a 57% rise in Data Center revenue to $5.8bn, followed by a 23% rise in Client and Gaming revenue to $3.6bn.
Underlying operating profit rose 43% to $2.5bn ($2.4bn expected), as the increase in revenue more than offset higher operating expenses.
Free cash flow rose to a record $2.6bn, supported by record cash from operating activities of continuing operations of $3.0bn. Net cash, including lease liabilities, improved from $6.7bn to $8.5bn.
For the current quarter, AMD expects revenue of around $11.2bn at the midpoint of guidance ($10.9bn expected).
The shares rose 16.5% in pre-market trading.
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AMD key facts
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