Advanced Micro (AMD) reported Q1 FY 2021 earnings of $0.52 per share (versus $0.18 per share in Q1 FY 2020), beating analysts’ consensus estimate of $0.44 per share.

The company’s quarterly revenues amounted to $3.445 bln (+92.9% y/y), beating analysts’ consensus estimate of $3.204 bln.

The company also issued upside guidance for Q2 FY 2021, projecting revenues of $3.5-3.7 bln versus analysts’ consensus estimate of $3.28 bln.

For the full FY 2021, it sees revenues up ~50%, which translates to ~$14.64 bln versus analysts’ consensus estimate of $13.33 bln.

AMD rose to $88.92 (+4.35%) in pre-market trading.