Advanced Micro Devices, Inc. (AMD) reported a net loss for the first quarter of $146 million or $0.19 per share, compared to a net loss of $590 million or $0.80 per share for the year-ago quarter.
Excluding items, adjusted net loss for the first quarter was $94 million or $0.13 per share, compared to $adjusted net income of $92 million or $0.12 per share in the prior year quarter.
Revenue for the first quarter fell to $1.09 billion from $1.59 billion a year ago.
Analysts poled by Thomson Reuters expected the company to report a loss of $0.17 per share on revenue of $1.05 billion for the first quarter. Analysts' estimates typically exclude special items.
Looking forward, AMD expects second quarter revenue to increase 2%, plus or minus 3%, sequentially.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.