"Q1 revenue of $13.6 billion beat consensus estimates of $12.42 billion by 9.4%, marking the sixth consecutive quarter of exceeding financial forecasts."
"Non-GAAP EPS of $0.29 surpassed the consensus estimate of $0.01 by a factor of 29, reflecting a remarkable 1,350% surprise figure."
"Data Centre and AI revenue rose 22% to $5.1 billion, driven by unprecedented demand for silicon amid a shift towards CPU-heavy AI workloads."
"Non-GAAP net income reached $1.5 billion, more than double the prior-year figure of $646 million, showcasing a significant financial recovery."
In Q1 2026, revenue reached $13.6 billion, surpassing the $12.4 billion consensus by 9.4%. Data Centre and AI revenue increased by 22% to $5.1 billion. Non-GAAP EPS of $0.29 significantly beat the consensus estimate of $0.01. The stock rose over 80% year-to-date, with a 20% jump in after-hours trading. CEO Lip-Bu Tan attributed this success to high demand for silicon due to AI workload shifts. Non-GAAP net income doubled from the previous year, indicating a strong financial turnaround.
Read at TNW | Business
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