In Q1 AMD delivered a 71% increase in revenue to $5.9bn on EPS of $1.13, beating consensus estimates. The Q2 outlook is for revenue to increase further to $6.5 billion.
For the full year, 2022 management expects $26bn, or 60% growth compared to 2021.
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AMD’s acquisitions of Xilinx and Pensando should see expanded revenue growth from new industries.
