05:08 AM EDT, 05/06/2026 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Advanced Micro Devices (AMD) shares were up nearly 19% in premarket activity Wednesday after the company overnight posted stronger-than-expected fiscal Q1 results and issued an upbeat Q2 revenue outlook.

The company reported fiscal Q1 adjusted earnings late Tuesday of $1.37 per diluted share, up from $0.96 a year earlier.

Analysts polled by FactSet expected $1.29.

Revenue for the three months ended March 28 was $10.25 billion, up from $7.44 billion a year earlier.

Analysts surveyed by FactSet expected $9.90 billion.

For Q2, the company expects revenue of $11.2 billion, plus or minus $300 million. Analysts surveyed by FactSet expect $10.54 billion.