AMD surges 18.37% after Q1 2026 earnings beat and stronger Q2 data center guidance

AMD closed at $421.39, up 18.61%, following Q1 results that showed total revenue of $10.3 billion (up 38% year-over-year), non-GAAP earnings of $1.37 per share, and a 57% increase in data center sales. The company guided for approximately $11.2 billion in second-quarter revenue.

Trading volume reached 85.2 million shares, about 113% above the three-month average of 40 million shares. Broader markets also advanced: the S&P 500 climbed 1.46% to 7,365.12, and the Nasdaq Composite rose 2.02% to 25,839.

Goldman Sachs raised its price target on AMD to $450 and highlighted the company's potential in enterprise agentic AI (self-directed AI systems). Investors are watching whether AMD can sustain second-quarter revenue guidance and continue data center growth.