AMD lowered its expectations for the rest of 2020 due to health crisis

AMD's revenue increased by over half a billion dollars when compared to last year's first quarter.



What you need to know


AMD revenue grew by 40 percent when comparing Q1 2020 to Q1 2019.
AMD states that its revenue growth was driven largely by the computing and graphics segments.
AMD is lowering expectations going forward due to the current global health crisis.


AMD exceeded Wall Street estimates for Q1 2020, increasing revenue by 40 percent and improving its profit margins. The company's revenue for the quarter was $1.79 billion, over half a billion dollars more than Q1 2019's revenue of $1.27 billion. While AMD expects growth over the remainder of the year, it has lowered its expectations due to the current global health crisis.

AMD reported a profit of $162 million in Q1 2020, which equates to $0.14 per share. In Q1 2019, AMD made a much lower profit of $16 million or $0.01 per share. Nasdaq points out that excluding items, AMD's adjusted profit for Q1 2020 was $222 million ...