AMD Q3 Revenue Beats Estimates as Data Center Sales Nearly Double to $8.5 Billion
AMD reported Q3 2026 revenue of $13.4 billion, up 45% year over year, beating estimates as data center sales nearly doubled to a record $8.5 billion; the stock jumped 7% in extended trading.
AMD (AMD) reported third-quarter 2026 revenue of $13.4 billion, up 45% from a year earlier, beating the $13.09 billion consensus estimate, with adjusted earnings per share of $2.09 against $1.95 expected. The stock jumped 7% in extended trading and was up 3.7% in delayed trading at $483.90.
The data center segment drove the quarter. Segment revenue hit a record $8.5 billion, up 97% year over year, accounting for 64% of total revenue, up from 47% a year ago. AMD said the growth came from record sales of Instinct GPUs and EPYC CPUs, and that Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure are running workloads on its first Helios rackscale systems.
CEO Lisa Su said in the press release that she expects growth in data center processors to "accelerate further" and that meeting demand won't be a problem. CFO Jean Hu said third-quarter revenue grew 45% year over year while non-GAAP earnings per share grew 74%.
The PC side was weaker. Client and Gaming segment revenue was $3.7 billion, down 8% year over year, with gaming revenue down 40% to $773 million. Embedded revenue was $1.1 billion, up 29%.
For the fourth quarter, AMD guided to about $17 billion in revenue, plus or minus 3%, which at the midpoint implies about 66% year-over-year growth and 27% sequential growth, with non-GAAP gross margin of about 55%. That topped the $16.2 billion analyst average, per LSEG.
AMD also announced agreements to acquire World Labs for $8.2 billion and Taalas, and has committed up to $5 billion to Anthropic. AMD shares are up about 125% this year.