AMD Q1 Non-GAAP EPS, Revenue Climb Above Consensus Views, Sets Q2 Revenue Outlook; Shares Rising Late

Advanced Micro Devices (AMD) reported Q1 non-GAAP earnings on Tuesday of $0.96 per diluted share, up from $0.62 a year ago.

Analysts polled by FactSet expected $0.94.

Revenue for the quarter ended March 29 was $7.44 billion, up from $5.47 billion a year earlier.

Analysts expected $7.12 billion.

For Q2, the chipmaker expects revenue of $7.1 billion to $7.7 billion. Analysts are looking for $7.22 billion.

Advanced Micro shares were up nearly 5% in after-hours activity.

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