Bank of America Upgrades AMD: Q2 Expectations Rise Amid Strong Q1 Growth
Bank of America has upgraded its rating for Advanced Micro Devices Inc. (AMD) to 'Buy', raising the price target. AMD reported Q1 2026 revenue of $10.253 billion, a 38% increase year-over-year, with significant gains in its Data Center segment.
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Advanced Micro Devices Inc. (Nasdaq: AMD) achieved a Q1 2026 revenue of $10.253 billion, marking a 38% increase from the previous year. The company's gross margin rose to approximately 53%, up from 50%, while operating income surged 83% to $1.476 billion.
Free cash flow reached $2.566 billion, up by $727 million year-over-year. Revenue from the Data Center segment grew 57% to $5.775 billion, while Client segment revenue increased 26% to $2.885 billion. This growth is driven by rising demand for AI infrastructure and high-performance CPUs, which may indicate strong momentum for future quarters.
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