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AMD pops as Q3 results, guidance top estimates on data center strength

AMD reported third-quarter adjusted earnings of $2.09 per share and revenue of $13.38 billion, both above analysts’ estimates. Data Center revenue rose 97% year over year to $8.55 billion, while AMD forecast fourth-quarter growth and said it expected to scale Helios and Venice production.

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What happened

AMD reported third-quarter revenue of $13.38 billion, up 45% from a year earlier, and adjusted earnings of $2.09 per share, both above estimates. Data Center revenue nearly doubled to $8.55 billion. AMD expects about $17 billion in fourth-quarter revenue, plus or minus 3%.

Global impact / market context

The results point to strong demand for chips used in data centers, which supported AMD’s higher revenue outlook. For ordinary investors, the key question is whether that demand and growth continue; the forecast is not a guarantee.

What to watch

  1. Check AMD’s fourth-quarter revenue against its forecast of about $17 billion, plus or minus 3%, to see whether sales match expectations.
  2. Check whether Data Center revenue keeps growing after rising 97% to $8.55 billion, since this business was a major source of growth.
  3. Check whether adjusted gross margin is near AMD’s forecast of about 55%, because this shows how much revenue remains after direct product costs.

Affected assets

  • Advanced Micro Devices, Inc.
  • Roundhill AMD WeeklyPay ETF

Evidence