AMD stock jumps 7% on earnings as data center revenue nearly doubles
Data-center revenue jumped 97% to $8.55 billion as strong EPYC and Instinct sales lifted results above estimates, sending shares up about 7%.
- Advanced Micro Devices Chair and CEO Lisa Su reported third-quarter 2026 revenue of $13.38 billion on Tuesday, beating estimates as adjusted earnings per share reached $2.09. Data center sales nearly doubled to a record $8.55 billion.
- Against a sector-wide chip rout triggered by Intel's weak October 29 guidance, AMD's growth relied on its Helios rack-scale systems. The company moved beyond standalone chips to capture market share in AI infrastructure.
- Shares surged about 8% in extended trading as total revenue grew 45% year-over-year. The client and gaming segment missed expectations, falling 8% to $3.72 billion amid PC market weakness.
- AMD forecast fourth-quarter revenue of about $17 billion on Tuesday, exceeding the $16.2 billion average analyst estimate. This guidance signals confidence in sustained data center momentum despite sector volatility.
- CEO Lisa Su plans to "substantially increase our supply in 2027" to meet accelerating demand. Su is also diversifying AMD's AI ecosystem through strategic equity investments in Anthropic and Meta.
136 Articles
136 Articles
SCIENCE & TECH: AMD says it will outsell Intel for the first time in its history as Epyc and Instinct sales soar on AI demand
Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter AMD guided Q4 2026 revenue to about $17 billion, above Intel’s $15 to $16 billion forecast, which would make it the larger company in terms of raw revenue for the first time Data center sales nearly doubled to $8.5 billion in Q3 as Instinct MI455X GPUs and Helios racks started shipping The lead, interestingly, is in revenue, not volume: Intel still ships abou…
AMD reports Q3 revenue up 45% as data center sales nearly double
Advanced Micro Devices reported third-quarter revenue of $13.38 billion, up 45% from $9.25 billion a year earlier, according to the company statement. The report was released Tuesday and covers the quarter ended in September 2026. The company described the period as a record quarter, with revenue exceeding the high end of its own guidance. The results arrived amid a broad sell-off in chip shares tied to investor questions about the scale of spen…
AMD forecast exceeds estimates after AI chip demand soars
Advanced Micro Devices Inc (AMD) on Tuesday gave a revenue forecast that exceeded analysts’ estimates, showing that demand for data center processors remains strong.Fourth-quarter revenue will be US$17 billion, plus or minus 3 percent, the artificial intelligence (AI) chipmaker said in a statement.
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