AMD CEO Lisa Su speaks at a Senate Commerce, Science, and Transportation Committee hearing in Washington on May 8, 2025. The leaders of some of the biggest technology and artificial intelligence companies will go to Congress on Thursday with a wish list of sorts that at its top has doing away with regulation they say inhibits their firms' growth and by default, sends business to China.
Advanced Micro Devices reported fiscal third-quarter results that exceeded Wall Street expectations, but gave margin guidance was inline with estimates. The stock slipped in extended trading.
Here's how the company did in comparison with LSEG consensus:
Earnings per share: $1.20 adjusted vs. $1.16 expected
$1.20 adjusted vs. $1.16 expected Revenue: $9.25 billion vs. $8.74 billion expected
Revenue increased 36% from a year earlier in the fiscal third quarter, which ended on Sept. 27, according to a statement.
Net income climbed to $1.24 billion, or 75 cents per share, from $771 million, or 47 cents per share, a year earlier.
For the fourth quarter, AMD expects about $9.6 billion in revenue, implying 25% growth. That's above LSEG's $9.15 billion consensus. AMD sees an adjusted gross margin of 54.5% for the quarter, meeting StreetAccount's consensus of 54.5%.
AMD, which is trying to keep pace with Nvidia in the market for artificial intelligence processors, said the guidance does not include revenue from shipments of its Instinct MI308 chips to China. Executives said the same thing last quarter.
As of Tuesday's close, AMD shares were up 107% so far this year, while the Nasdaq is up 21%.
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