AMD Q1 Revenue Surges 38%, Beats Guidance; Stock Jumps 16%

AMD's first-quarter revenue reached $10.25 billion, up 38% year-over-year and significantly exceeding consensus expectations of $9.89 billion. EPS came in at $1.37, beating expectations of $1.29. Q2 guidance of $11.2 billion also exceeded market expectations. Meta secured a multi-year GPU contract for 6GW, and OpenAI and Meta confirmed adoption of Helios systems, signaling visible cracks in NVIDIA's monopoly.