AMD ER overview: Q1 slightly beat, but shares drop on in-line guidance for Q2
@Tiger_Earnings:
$Advanced Micro Devices(AMD)$ reported slightly higher-than-expected revenue and EPS for Q1, along with Q2 guidance showing a 6% year-over-year increase, in line with expectations. However, Wall Street expressed dissatisfaction with its AI chip-driven growth.Key metrics:Non-GAAP EPS: $0.62, compared to the expected $0.61 Revenue: $5.47 billion, slightly surpassing the expected $5.46 billion AMD's Q1 revenue increased by 2% year-over-year to $5.47 billion, slightly exceeding market expectations but lower than Q4 2023's $6.17 billion.Data center revenue, including AI chips, surged by 80% year-over-year to $2.3 billion, marking the highest quarterly revenue in the business's history. CEO Lisa Su mentioned that major companies like Microsoft, Meta, and