• AMD Q1 2026 revenue $10.25B (+38% YoY); data center revenue $5.8B (+57%); free cash flow >$2.57B; Q2 guide $11.2B; server CPU revenue growth >70% YoY.
  • Bernstein raised AMD’s price target to $600 from $525 and kept an Outperform rating; it also boosted its 2030 server CPU market estimate to $223B from $137B, citing larger AI demand.