AMD revenue surged 38% to $10.3 billion in Q1 2026, driven by 57% growth in data center sales to $5.8 billion.
Semiconductor stocks fell this week after Broadcom’s quarterly report failed to meet investor expectations, dragging peers including AMD lower. AMD shares retreated from record highs despite no company-specific news, mirroring broader sector weakness following a strong rally in chip stocks.
AMD reported first-quarter 2026 revenue of $10.3 billion, up 38% year over year, accelerating from 34% growth in the prior quarter. Data center revenue jumped 57% to $5.8 billion, now accounting for over half of total sales. The company guided for current-quarter revenue of about $11.2 billion, signaling continued momentum.
The sell-off reflects investor caution after a prolonged run-up in chip stocks, with no immediate market reaction details provided.