Advanced Micro Devices heads into earnings with strong momentum

AMD just posted a quarter that would make most chipmakers blush. The company reported Q1 2026 revenue of $10.3 billion, a 38% jump compared to the same period last year, with its data center business doing most of the heavy lifting. That segment alone pulled in $5.8 billion, up 57% from $3.67 billion a year earlier. The two engines driving AMD’s run CEO Lisa Su has been framing AMD’s growth story around two pillars: high-performance computing CPUs and AI accelerators. The EPYC and Ryzen processor lines handle the first job. The Instinct GPU lineup handles the second. Su has projected that AI revenue alone could reach tens of billions annually by 2027. The company guided Q2 2026 revenue at approximately $11.2 billion, which would represent another meaningful step up from Q1. Non-GAAP diluted earnings per share came in at $1.37 for Q1. Stock performance tells its own story AMD’s share price has more than tripled over the past year. Year-to-date through early 2026, the stock is up 66%. The company has publicly targeted a compound annual growth rate exceeding 35% in revenue over the next three to five years. The competitive landscape and what crypto investors should watch AMD’s primary...