🔹 Revenue: $7.44B (Est: $7.11B) 🟢
🔹 Non-GAAP EPS: $0.96 (Est: $0.95) 🟢
🔹 Non-GAAP Gross Margin: 54% (vs. 52% YoY)
Segment Highlights
🔹 Data Center: $3.7B (↑57% YoY) – driven by EPYC CPUs and Instinct GPUs
🔹 Client + Gaming: $2.9B (↑28% YoY)
🔹 Client: $2.3B (↑68% YoY) – driven by Zen 5 Ryzen demand
🔹 Gaming: $647M (↓30% YoY) – decline in semi-custom
🔹 Embedded: $823M (↓3% YoY)
Q2 Outlook
🔹 Revenue: ~$7.4B ± $300M (in-line)
🔹 Non-GAAP Gross Margin: 43% including $800M inventory charge
🔹 Excluding charge, Gross Margin: ~54%
Strategic & Product Highlights
🔸 Closed ZT Systems acquisition to strengthen data center presence
🔸 Frontier AI support expanded (Meta Llama 4, Google Gemma 3) via ROCm stack
🔸 Dell, Jio, Cisco, Nokia partnerships across AI/Telecom
🔸 Radeon RX 9070 XT and Ryzen 9950X3D launched for gaming/content creation
🔸 Core42 deploying Instinct GPUs to power France’s top AI center
🔸 Supports UALink 1.0 standard; continues hyperscaler momentum (Oracle, Google)
