AMD posts record $13.4 billion Q3 revenue as data center sales nearly double

AMD reported record third-quarter revenue of $13.4 billion on Tuesday, up 45% from a year earlier, as sales in its Data Center segment nearly doubled. The company also forecast fourth-quarter revenue of about $17 billion, above Wall Street estimates.

Non-GAAP earnings were $2.09 per share, up 74% year over year. Analysts polled by LSEG had expected $1.95 per share on revenue of $13.09 billion, according to CNBC. On a GAAP basis, AMD earned $1.46 per diluted share, with net income of $2.4 billion.

GAAP gross margin was 54%, and non-GAAP gross margin was 56%. Non-GAAP operating income rose 75% to $3.9 billion.

## Segment results

- **Data Center:** a record $8.5 billion, up 97% year over year, driven by EPYC server processors and the launch of Instinct MI450 Series GPUs.
- **Client and Gaming:** $3.7 billion, down 8%. Client revenue rose 7% to $2.9 billion on Ryzen mobile processors. Gaming revenue fell 40% to $773 million on lower semi-custom and graphics sales.
- **Embedded:** $1.1 billion, up 29%.

## Outlook

For the fourth quarter, AMD expects revenue of approximately $17 billion, plus or minus 3%, which would be about 66% growth from a year earlier and 27% sequentially. It expects non-GAAP gross margin of about 55%. Analysts had expected about $16.2 billion in revenue, according to LSEG data cited by CNBC.

"We delivered a record quarter with revenue exceeding the high end of our guidance as Data Center segment sales nearly doubled year-over-year," CEO Lisa Su said in the release.

AMD shares rose about 7% in extended trading after the report, CNBC reported.

*Sources: [AMD Q3 2026 earnings release](https://ir.amd.com/news-events/press-releases/detail/1303/amd-reports-third-quarter-2026-financial-results); [CNBC](https://www.cnbc.com/2026/11/03/amd-amd-q3-earnings-report-2026-.html).*