Chipmaker Advanced Micro Devices, Inc. (NASDAQ: AMD) on Tuesday reported better-than-expected revenue and earnings for the first quarter of 2025. The numbers increased sharply from the year-ago period.
First-quarter earnings, on an adjusted basis, were $0.96 per share, compared to $0.62 per share in the same period of 2024. On a reported basis, net income came in at $709 million or $0.44 per share in Q1, compared to $123 million or $0.07 per share in the prior-year period.
The company reported revenues of $7.44 billion for the March quarter, compared to $5.47 billion in the comparable period in the prior year. Earnings and revenues both exceeded Wall Street’s estimates.
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