Earnings Call
May 5, 2025
Q1 FY2025
EPS Estimate
0.94
EPS Actual
0.96
Post-Earnings Close
$96.84
Earnings Reaction
+23.8%
AMD delivered a standout Q1 FY2025, posting record revenue of $7.4 billion, up 36% year-over-year and ahead of both the $7.12 billion consensus estimate and the high end of its own guidance. Adjusted EPS of $0.96 beat the $0.94 estimate, rising 55% year-over-year, driven by a favorable mix shift toward high-margin data center products and premium Ryzen processors. Data center segment revenue surged 57% YoY to $3.7 billion, fueled by EPYC Turin CPU share gains across cloud and enterprise, and continued Instinct GPU adoption. Client and gaming revenue grew 28% YoY to $2.9 billion, with client alone up 68% on record ASPs from a richer Ryzen mix. Non-GAAP gross margin expanded to 54%, up 140 basis points year-over-year, marking the fifth consecutive quarter of improvement.
Report generated on Apr 4, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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