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AMD reported third-quarter revenue of $13.38 billion after the close on Tuesday, up 45% and above the $13.09 billion analysts expected, with adjusted earnings of $2.09 a share against $1.95. Data center revenue rose 97% to about $8.5 billion, or 64% of the total, while gaming fell 40%.
The fourth-quarter forecast of about $17 billion, plus or minus 3%, compares with a $16.2 billion and would be 27% growth in a single quarter. Lisa Su tied the step up to scaling production of Helios, the AMD sells against Nvidia's, and "Venice" server chips.
The shares rose about 7% , following three straight down days in a sell-off over AI spending. The forecast of 55% is a point below the quarter just reported, and slightly under the 55.3% estimate.
Meta, Microsoft, Anthropic, OpenAI and Oracle are beginning to use Helios, and Su plans to add a large amount of supply in 2027. Two of those five customers also take AMD's money: it agreed to put $1 billion into Meta's and has committed up to $5 billion to Anthropic.
AMD forecasts about $17 billion for the fourth quarter as data center sales nearly double
AMD reported third-quarter revenue of $13.38 billion after the close on Tuesday, up 45% and above the $13.09 billion analysts expected, with adjusted earnings of $2.09 a share against $1.95. Data center revenue rose 97% to about $8.5 billion, or 64% of the total, while gaming fell 40%. The fourth-quarter forecast of about $17 billion, plus or minus 3%, compares with a $16.2 billion consensus and would be 27% growth in a single quarter. The shares rose about 7% after hours, following three straight down days in a sell-off over AI spending.
Lisa Su tied the step up to scaling production of Helios, the rack-scale system AMD sells against Nvidia's, and "Venice" server chips. Meta, Microsoft, Anthropic, OpenAI and Oracle are beginning to use Helios, and Su plans to add a large amount of supply in 2027. Two of those five customers also take AMD's money: it agreed to put $1 billion into Meta's equity offering and has committed up to $5 billion to Anthropic. The forecast gross margin of 55% is a point below the quarter just reported, and slightly under the 55.3% estimate. SourcesAB
Sources
- AAMD Reports Third Quarter 2026 Financial Results (8-K exhibit)sec.gov
- BAMD stock jumps 7% on earnings as data center revenue nearly doubles (CNBC)cnbc.com
This story ran in the Afternoon Brief of November 3rd 2026.