Business & Finance
AMD beats third-quarter expectations as its data center unit nearly doubles
CNBC reports AMD's third-quarter revenue rose 45% as data center sales nearly doubled, and shares rose 8% after hours.
The short version
- CNBC reports AMD beat Wall Street expectations in third-quarter earnings reported Tuesday.[CNBC]
- Data center sales nearly doubled and now make up 64% of revenue, up from 47% a year earlier.[CNBC]
- Shares rose 8% in extended trading, and CEO Lisa Su expects server revenue to double in 2027.[CNBC]
- AMD guided fourth-quarter revenue to about $17 billion, above a $16.2 billion analyst estimate.[CNBC]
Key facts
- AMD's third-quarter results on Tuesday topped Wall Street forecasts, with revenue up 45% year over year.[CNBC]
- Data center sales nearly doubled from a year earlier and made up 64% of revenue, up from 47%.[CNBC]
- AMD shares rose 8% in extended trading after the report.[CNBC]
- AMD guided fourth-quarter revenue to about $17 billion, compared with a $16.2 billion average analyst estimate, according to LSEG.[CNBC]
- CEO Lisa Su said she expects server revenue to double year over year in 2027.[CNBC]
What remains uncertain
- The 2027 server revenue doubling and faster AI growth are company expectations, not reported results.[CNBC]
- The 8% gain was in extended trading, so the move in regular trading could differ.[CNBC]
- The provided reporting comes from a single outlet, CNBC, with no independent confirmation in the available articles.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.