Wire reporting: (Reuters, via CNA)

Advanced Micro Devices on Tuesday reported third-quarter results above Wall Street estimates, with revenue up 45% from a year earlier as data-center sales nearly doubled, and the stock rose in extended trading^1,2,3.

Revenue was $13.38 billion, compared with a LSEG consensus of $13.09 billion, and adjusted earnings were $2.09 a share versus $1.95 expected^1,3. Revenue a year earlier was $9.25 billion, CNBC reported, citing the company¹.

Data-center revenue rose 97% to a record $8.55 billion, beating estimates of $8.20 billion, according to the Reuters report carried by CNA; Techmeme's CNBC roundup put the figure at $8.5 billion^2,3. CNBC said the unit was 64% of AMD sales, up from 47% a year ago¹.

Shares rose about 7% after hours in CNBC's account and more than 6% in the Reuters report^1,3. AMD's stock has more than doubled this year, both outlets said, after recent losses tied to industry fears of overspending on AI infrastructure^1,3.

For the fourth quarter, AMD said it expects about $17 billion in revenue, above LSEG averages of $16.2 billion in CNBC's report and $16.23 billion in the Reuters report, which added a plus-or-minus 3% band^1,3. Adjusted gross margin is seen at about 55%, slightly below StreetAccount and LSEG estimates around 55.3% and down from 56% in the third quarter, the reports said^1,3.

CEO Lisa Su said in a company statement that she expects data-center processor growth to "accelerate further" and that AMD can meet demand¹. "We are confident in our ability to sustain very strong revenue growth and expanding profitability," Su said¹.

CNBC contrasted the report with Intel, which last week posted 78% data-center growth but saw its stock fall after weaker guidance and demand concerns¹. The Reuters report said AMD is taking share from Intel after Intel forecast quarterly revenue well below estimates³.

Client and gaming revenue, which includes PC chips, fell 8% to about $3.7 billion^1,3. CNBC said gaming revenue was down 40% from a year earlier¹. CNA's Reuters copy said the segment missed a $3.79 billion estimate³.

CNBC said Meta, Microsoft, Anthropic, OpenAI and Oracle are beginning to use AMD's Helios rack-scale systems¹. The Reuters report said Helios, combining MI455X accelerators and "Venice" server chips, is in production for a larger fourth-quarter ramp, with initial systems being tested at Meta³.

What is not yet clear from the public reports is how much of the data-center beat came from GPUs versus CPUs, or whether the company addressed the memory shortage in detail on the call^1,3.