Financial Performance - AMD reported a record first quarter revenue of $74 billion, a 36% year-over-year increase[17] - GAAP gross margin was 50%, up from 47% in Q1 2024[21] - Non-GAAP gross margin was 54%, up from 52% in Q1 2024[21] - GAAP operating income increased significantly to $806 million, compared to $36 million in Q1 2024[24] - Non-GAAP operating income increased 57% year-over-year to $1779 billion[30] - GAAP diluted earnings per share (EPS) was $044, up from $007 in Q1 2024[27] - Non-GAAP diluted EPS was $096, a 55% increase year-over-year[27] Segment Results - Data Center segment revenue increased 57% year-over-year to $37 billion, with an operating income of $932 million[31, 35] - Client and Gaming segment revenue increased 28% year-over-year to $29 billion, with an operating income of $496 million[31, 36] - Embedded segment revenue decreased 3% year-over-year to $823 million, with an operating income of $328 million[31, 37] Acquisition and Outlook - AMD completed the acquisition of ZT Systems on March 31, 2025[16, 34] - The company expects Q2 2025 revenue to be approximately $74 billion, plus or minus $300 million[38]