AMD (AMD.US) reported better-than-expected Q1 performance and warned that sales restrictions on chips to China could lead to a revenue loss of $1.5 billion for the full year.

According to the financial news app, Wise Finance, although AMD's (AMD.US) first quarter performance was better than expected, the company stated that sales restrictions on chips in China will reduce its revenue by $1.5 billion this year. This warning has cast a shadow over the previously optimistic outlook. The financial report shows that AMD's Q1 revenue increased by 36% year-on-year to $7.4 billion, better than the analysts' average expectation of $7.12 billion; adjusted earnings per share were $0.96, better than the analysts' average expectation of $0.94.