Q1 25 EPS
$0.96
BEAT +2.83%
Est. $0.93
Q1 25 Revenue
$7.44B
BEAT +4.47%
Est. $7.12B
vs S&P Since Q1 25
+230.7%
BEATING MARKET
AMD +259.1% vs S&P +28.4%
Market Reaction
Did AMD Beat Earnings? Q1 2025 Results
Advanced Micro Devices opened 2025 with a record first quarter, posting revenue of $7.44 billion, up 35.9% year over year, and non-GAAP diluted EPS of $0.96, clearing the $0.93 consensus estimate by 2.83% while revenue topped expectations by 4.47%. T… Read more Advanced Micro Devices opened 2025 with a record first quarter, posting revenue of $7.44 billion, up 35.9% year over year, and non-GAAP diluted EPS of $0.96, clearing the $0.93 consensus estimate by 2.83% while revenue topped expectations by 4.47%. The standout driver was AMD's Data Center segment, which generated $3.67 billion, up 57% year over year, fueled by surging demand for EPYC CPUs and Instinct GPUs as hyperscalers raced to build out AI infrastructure. The Client segment added further momentum, with Ryzen processor shipments riding a strong Zen 5 product cycle. Non-GAAP gross margin expanded to 54%, up 200 basis points year over year, underscoring the richer revenue mix. AMD also recently announced a new $6 billion share repurchase authorization, bringing total buyback authority to roughly $10 billion, signaling confidence in its cash generation outlook. For Q2 2025, AMD guided revenue to approximately $7.40 billion, though non-GAAP gross margin is expected to compress to roughly 43%, absorbing an estimated $800 million in inventory and reserve charges tied to new U.S. Export controls.
Key Takeaways
- • Growth in AMD EPYC CPU and AMD Instinct GPU sales driving Data Center segment
- • Strong demand for Zen 5 AMD Ryzen processors and richer product mix in Client
- • Higher Data Center segment revenue and richer Ryzen processor mix expanding gross margin
- • Year-over-year revenue growth accelerated for fourth consecutive quarter
AMD YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
AMD Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter driven by strength in our core businesses and expanding data center and AI momentum.”
— Lisa Su, Q1 2025 Earnings Press Release
AMD Earnings Trends
AMD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMD EPS Trend
Earnings per share: estimate vs actual
AMD Revenue Trend
Quarterly revenue: estimate vs actual
AMD Quarterly Results
11 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.32 | $1.53 | +15.91% | $10.27B | +5.64% |
| FY Full Year | $3.98 | $4.17 | +4.81% | $34.64B | +1.61% |
| Q3 25 BEAT | $1.17 | $1.20 | +2.37% | $9.25B | +5.66% |
| Q2 25 MISS | $0.48 | $0.48 | -0.54% | $7.69B | +3.43% |
| Q1 25 BEAT | $0.93 | $0.96 | +2.83% | $7.44B | +4.47% |
| Q4 24 BEAT FY | $1.09 | $1.09 | +0.00% | $7.66B | +1.73% |
| FY Full Year | $3.32 | $3.31 | -0.35% | $25.79B | +0.51% |
| Q3 24 BEAT | $0.91 | $0.92 | +1.10% | $6.82B | +1.64% |
| Q2 24 BEAT | $0.68 | $0.69 | +1.47% | $5.84B | +1.94% |
| Q1 24 BEAT | $0.61 | $0.62 | +1.64% | $5.47B | +0.26% |
| Q4 23 | $0.71 | — | — | — | — |
| Q3 23 BEAT | $0.64 | $0.70 | +9.37% | $5.80B | +8.01% |
| Q1 23 BEAT | $0.56 | $0.60 | +7.14% | $5.35B | +1.00% |