AMD hits a sales milestone 

AMD hits a sales milestone and expects to more hike as the data-centre strategy comes together 

Advanced Micro Devices Inc. ( AMD ) 

Advanced Micro Devices Inc. ( AMD ) reported more than $5 billion in quarterly revenue or 70% of year-over-year revenue for the first time

Advanced Micro Devices Inc. ( AMD ) 

even without the contribution of the company’s Feb. 14 closing of its Xilinx acquisition.

AMD Forcast

and AMD executives forecast second-quarter revenue of $6.3 billion to $6.7 billion 

AMD Forcast

and increased their revenue forecast to about $26.3 billion for the year.

 FactSet Analysts survey

Analysts surveyed by FactSet were estimating revenue of $5.14 billion for the second quarter, and $21.48 billion for the year. 

 FactSet Analysts survey

Shares rallied as much as 7% after hours, following a 1.4% rise in the regular session to close at $91.13.

AMD Chief Executive Lisa Su

AMD Chief Executive Lisa Su said “We made a lot of progress on the safer side and significant investments,” 

AMD Chief Executive Lisa Su

“We continue to get sort of very good support from our suppliers. That’s one of the reasons we can increase our guidance.”

Lisa Su on COVID-19

Regarding COVID-19 shutdowns in China “From our standpoint, we haven’t had any significant impact on our own shipments and our own supply chain,” 

AMD with Xilinx

With Xilinx in hand, a big change is in store: AMD will finally make data-centre sales more transparent and will begin reporting independently.

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