Lisa Su, president and CEO of AMD, presented the AMD EPYC processor at a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., on January 9th, 2019. The company’s performance for the quarter that ended in March exceeded LSEG consensus expectations with earnings per share coming in at $0.62 cents adjusted versus the expected $0.61 cents and revenue of $5.47 billion as opposed to the anticipated $5.46 billion.
AMD’s outlook for the current quarter is forecasted to be $5.7 billion in sales, aligned with Wall Street estimates, representing a 6% annual growth rate. Additionally, the reported financials showed net income of $123 million or $0.07 cents per share, a significant improvement compared to a net loss of $139 million or $0.09 cents per share during the same period last year with revenue up about 2% year-over-year.
One of AMD’s successful segments was Data Center which saw an impressive 80% growth year-over-year to $2.3 billion driven by sales of its MI300 AI chip which competes with Nvidia’s AI graphics processors. The company noted it had sold over $1 billion worth of AI chips since their fourth-quarter launch in 2023. Moreover, AMD’s client segment revenue reported $1.4 billion in first-quarter sales marking an 85% annual increase from its original business of processors for chips and PCs