AMD stock jumps 7% on earnings as data center revenue nearly doubles
Data-center sales nearly doubled as demand for AI chips lifted revenue above Wall Street estimates and sent shares up about 7% in extended trading.
- 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.
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86 Articles
Advanced Micro Devices (AMD) presented a net profit of US$2.43 billion in the third quarter of 2026, representing a 95% increase on the profit of US$1.24 billion reported a year earlier, and surpassing the expectations of the American market. Exclusive material for subscribers. To have full access, access the link of the material and register.
Arista earnings: AI demand lifts sales 58.5%
(The FINANCIAL) — Arista earnings accelerated as demand for networking equipment lifted third-quarter revenue 58.5%, the company’s strongest annual growth since its IPO. Shares rose in extended trading after the report, while fourth-quarter guidance pointed to further expansion. Investment gains boosted reported profit, making the earnings reconciliation essential to assessing the operating performance. Arista Networks […]
AMD closed the third quarter with record revenue and higher-than-expected profit, with its data center business nearly doubling its sales. Management expects revenue growth of more than 80 percent by 2027, and shares jumped 5 percent in after-hours trading on Tuesday on the positive outlook.
The Economic Times
Times of IndiaAMD forecasts fourth-quarter revenue above estimates on strong AI chip demand
Advanced Micro Devices estimates its fourth-quarter revenue will hit about $17 billion, driven primarily by robust demand for AI chips. Although the company's forecast for adjusted gross margin stands at 55%, it falls slightly short of analyst expectations. A remarkable 97% year-on-year increase in data-centre revenue showcases AMD's growth. However, the company currently faces challenges in sourcing high-bandwidth memory, essential for its AI p…
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