Core Insights - AMD reported better-than-expected earnings and provided a strong revenue forecast for the current quarter, despite anticipating a $1.5 billion revenue loss for the fiscal year due to U.S. chip export restrictions [1][8] - The company's stock initially rose by 4% in after-hours trading but later fell to a 1.72% increase after discussions regarding the impact of AI chip export controls [1] Financial Performance - AMD's revenue for the last quarter reached $7.438 billion, a 36% year-over-year increase, surpassing analyst expectations of $7.12 billion [3][4] - The company reported a net income of $1.566 billion, up 55% from the previous year, with diluted earnings per share of $0.96, exceeding market expectations [4][5] Business Segments - Data center revenue was $3.674 billion, a 57% increase year-over-year, driven by strong sales of AMD EPYC™ CPUs and AMD Instinct™ GPUs [5][7] - Client and gaming revenue grew by 28% to $2.941 billion, with the client segment seeing a 68% increase due to demand for the latest "Zen 5" AMD Ryzen™ processors [5][7] - Embedded revenue decreased by 3% to $823 million, reflecting mixed demand in the end market [6][7] Future Outlook - AMD expects approximately $700 million in revenue loss this quarter due to export controls, with total losses projected to reach $1.5 billion by the end of the fiscal year [8] - Despite the challenges, the CEO expressed optimism about strong double-digit growth in AI chip revenue for the data center business this year [8][10] - The company anticipates sales of around $7.4 billion for the current quarter, slightly above analyst expectations of $7.23 billion [8]