"Advanced Micro Devices' Q1 2026 revenue came in at $10.25 billion, up 38% year over year and ahead of the $9.91 billion consensus by about 3%. Non-GAAP EPS of $1.37 topped the $1.2939 estimate, and free cash flow more than tripled to $2.57 billion."
"Q2 guidance is what really moved the stock. AMD's management is calling for revenue of about $11.2 billion at the midpoint, implying 46% year-over-year growth and roughly 9% sequential acceleration."
"Goldman Sachs upgraded AMD stock to Buy with a $450 price target, citing confidence across AI accelerators, EPYC server CPUs, and adjacent data center products."
Advanced Micro Devices' stock increased by 14% following a strong Q1 2026 earnings report, which exceeded expectations with $10.25 billion in revenue. The company also provided an optimistic Q2 2026 revenue forecast of $11.2 billion, indicating significant year-over-year growth. The data center segment was a key driver, with revenue up 57%. Goldman Sachs upgraded AMD to Buy with a $450 price target, reflecting confidence in the company's AI and server CPU products. AMD's market cap approached $579 billion amid this positive momentum.
Read at 24/7 Wall St.
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