GoKawiilAMD Q3 revenue up 45%, data center sales nearly double, beating estimates
AMD posted third-quarter adjusted earnings of $2.09 per share on revenue of $13.38 billion, both ahead of analyst expectations, with revenue up 45% from $9.25 billion a year earlier. Data center sales nearly doubled and now make up 64% of total revenue, up from 47% a year ago. Shares rose about 8% in after-hours trading following the report.
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CEO Lisa Su said she expects data center processor growth to accelerate further and that AMD can meet demand, a contrast to rival Intel, whose stock fell sharply last week on supply and guidance concerns despite similar data center growth. The results suggest AMD's CPUs are benefiting from rising demand tied to agentic AI applications that rely on server processing power, which could strengthen AMD's position against both Intel and Nvidia in coming quarters.
- AMD beat Wall Street estimates with $2.09 adjusted EPS and $13.38 billion in revenue.
- Data center revenue nearly doubled year-over-year and now accounts for 64% of total sales.
- Shares jumped 8% in extended trading as AMD's results contrasted with Intel's recent stock slump.
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Published there as: “AMD stock jumps 7% on earnings as data center revenue nearly doubles”
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