AMD Posts Record Q3 Revenue of $13.4 Billion as Data Center Sales Nearly Double
AMD's third-quarter revenue rose 45% to a record $13.4 billion, led by a 97% jump in data center sales, and the chipmaker guided to about $17 billion for the fourth quarter.
Advanced Micro Devices (AMD) reported record third-quarter revenue on Tuesday, November 3, as demand for its data center chips nearly doubled sales in that business from a year earlier.
The numbers
For the quarter ended September 26, 2026, AMD reported:
| Q3 2026 | Year earlier |
|---|---|---|
Revenue | $13.4 billion (+45%) | $9.2 billion |
Gross margin (GAAP) | 54% | 52% |
Gross margin (non-GAAP) | 56% | 54% |
Diluted EPS (GAAP) | $1.46 | $0.75 |
Diluted EPS (non-GAAP) | $2.09 | $1.20 |
GAAP operating income more than doubled, up 123% to $2.8 billion.
Data center drives the quarter
By segment, compared with the same quarter last year:
- Data Center: $8.5 billion, up 97%
- Client and Gaming: $3.7 billion, down 8%
- Embedded: $1.1 billion, up 29%
Data center sales made up nearly two-thirds of total revenue. “We delivered a record quarter,” Chair and CEO Lisa Su said in the release.
Fourth-quarter outlook
AMD expects fourth-quarter revenue of approximately $17 billion, plus or minus 3%, with a non-GAAP gross margin of about 55%.
How the stock reacted
AMD shares rose more than 3% in regular trading on Tuesday, helping lift chip stocks and the Nasdaq. After the results, the stock gained about 6.6% in extended trading as of 7:00 p.m. ET, according to StockTitan’s market recap. After-hours prices can change sharply once regular trading opens.
What to watch
- Whether data center growth holds up as AMD guides to another big step up in quarterly revenue.
- The drop in Client and Gaming sales, the only segment that shrank.
- Gross margin, which AMD expects to ease slightly to about 55% next quarter.
New to reading results like these? See our guide on how to read an earnings report, and check how to read a stock quote before trading.
This article is for information only and is not investment advice.
Sources
This article is for information only and is not investment advice. Do your own research before buying or selling any asset.