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AMD Q3 sales jump 45% as data-center revenue nearly doubles
AMD said third-quarter revenue rose 45% to about $13.4 billion and data-center sales nearly doubled, then guided fourth-quarter revenue above Wall Street estimates, CNBC and Channel NewsAsia reported.
- New headline Was: “AMD Q3 revenue jumps 45% as data-center sales nearly double”
- Our desk updated its story
- Still developing
- CNBC is now reporting this
- Techmeme is now reporting this
- First reported by CNA
Wire reporting: (Reuters, via CNA)
Advanced Micro Devices reported third-quarter 2026 results that beat Wall Street estimates, with data-center sales nearly doubling, and it forecast fourth-quarter revenue above analysts' average, according to CNBC, Channel NewsAsia and Techmeme1,3,4.
CNBC said AMD's stock jumped 8% on the report, while Techmeme's CNBC roundup put the after-hours gain at more than 7%1,4. Channel NewsAsia later said shares rose 7.3% in premarket trading2.
Channel NewsAsia, carrying Reuters, said third-quarter revenue rose 45% to $13.38 billion, above a $13.09 billion average estimate, and that data-center revenue jumped 97% to a record $8.55 billion, above $8.20 billion estimated3. Adjusted profit was $2.09 a share versus estimates of $1.95, it said3.
CNBC said revenue increased from $9.25 billion a year earlier, citing an AMD statement1.
AMD expects fourth-quarter revenue of about $17 billion, plus or minus 3%, above a $16.23 billion LSEG average, Channel NewsAsia reported3. Adjusted gross margin is expected at about 55%, versus estimates of 55.27% and down from 56% in the third quarter, it said3.
Channel NewsAsia said AMD is benefiting as AI workloads shift toward real-world applications and that the company has captured share from Intel, which last week forecast quarterly revenue well below estimates3.
Chief executive Lisa Su said the company sees demand across data-center CPUs and data-center AI, Channel NewsAsia reported, attributing the remarks to Reuters2. Su said AMD expects overall revenue to rise more than 80% in 2027, higher than the 77% growth analysts estimate on LSEG data, Channel NewsAsia said2.
Third-quarter sales in the client and gaming segment fell 8% to $3.72 billion, missing estimates of $3.79 billion, Channel NewsAsia reported3.
Channel NewsAsia said AMD has recently joined the ranks of trillion-dollar companies, has gained about 126% this year and was poised to add about $58 billion in market value if premarket gains held2. The Santa Clara, California-based company trades at about 31 times forward earnings, compared with 14 times for Nvidia and 16.5 times for Broadcom, it said2.
CNBC noted that neocloud companies including CoreWeave and Nebius were higher after AMD reported1.
Sources
- CNBCAMD stock jumps 8% on earnings as data center revenue nearly doubles
- (Reuters, via CNA)AMD shares jump as AI-driven data-center strength fuels growth outlookAlso (Reuters, via CNA)
- TechmemeAMD reports Q3 revenue up 45% YoY to $13.38B, vs. $13.09B est., Data Center revenue up 97% to $8.5B, forecasts Q4 revenue above est.; AMD jumps 7%+ after hours (Katie Tarasov/CNBC)
How it’s being reported
3 sourcesFirst reported by 
CNA
AMD stock jumps 8% on earnings as data center revenue nearly doubles
The after-hours stock move and AI-chip demand as the driver of the beat.
CNBC reported AMD beat third-quarter estimates on AI-chip demand and said the stock rose about 8% after results, with year-ago revenue of $9.25 billion.
Leaves out The full fourth-quarter dollar guidance range and segment miss in client and gaming that later CNA items include.
AMD reports Q3 revenue up 45% YoY to $13.38B, vs. $13.09B est., Data Center revenue up 97% to $8.5B, forecasts Q4 revenue above est.; AMD jumps 7%+ after hours (Katie Tarasov/CNBC)
The headline numbers versus estimates and the after-hours move.
Techmeme summarized the CNBC account: Q3 revenue of $13.38 billion versus $13.09 billion estimated, data-center revenue up 97% to $8.5 billion, Q4 guidance above estimates and a 7%+ after-hours jump.
Leaves out CEO commentary and 2027 outlook later carried by CNA.
(Reuters, via CNA)FirstAMD forecasts quarterly revenue above estimates as data-center growth accelerates
Gives this outlet’s account of the story.
Same copy also at: (Reuters, via CNA)
Where they agree
- AMD beat third-quarter estimates with roughly 45% revenue growth and data-center sales up about 97%.
- The company guided fourth-quarter revenue above Wall Street estimates.
- Shares rose sharply after hours.
Where they differ
Share-price reaction after the report