Advanced Micro Devices reported its revenues and earnings for the first quarter ended March 31 beat expectations, with revenue growing 55% to $5.3 billion on a non-GAAP basis (excluding Xilinx results).
Non-GAAP net income for the quarter was $1.6 billion, or 1.13 cents a share, beating expectations of 91 cents a share on a non-GAAP basis. AMD’s shares are up 4.6% to $95.39 a share in after-hours trading.
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