Sales growth across the board fueled record revenue.

At the same time, costs have risen sharply.

AMD announced record earnings for the first quarter of 2022. Revenue increased by 71% year over year to $5.887 billion, and net profit increased by 42% to $786 million.

Analysts’ expectations were far exceeded by the company. However, AMD’s operating expenses increased by 59% year over year, while profit fell by 19%.

Here are the key points from the AMD report:

AMD expects $6.5 billion in revenue in the second quarter and $26 billion in revenue for the entire year.