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Advanced Micro Devices, Inc. (AMD) Reports Q3 Revenue of $13.4B, Up 45% YoY
AMD reported third-quarter 2026 revenue of $13.4B, up 45% from a year earlier, and diluted earnings per share of $1.46 under GAAP accounting and $2.09 on a non-GAAP basis. The company expects fourth-quarter revenue of about $17B, plus or minus 3%, implying roughly 66% year-over-year growth at the midpoint.
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What happened
AMD reported third-quarter 2026 revenue of $13.4B, up 45% from a year earlier, and diluted earnings per share of $1.46 under GAAP accounting and $2.09 on a non-GAAP basis. The company expects fourth-quarter revenue of about $17B, plus or minus 3%, implying roughly 66% year-over-year growth at the midpoint.
Confirmed
Global impact / market context
The outlook points to faster sales growth next quarter, which would lift revenue if AMD delivers. Data Center sales grew 97%, and the article cites demand for Instinct GPUs and EPYC CPUs; sustained demand could support production and revenue, while weaker orders could put the forecast at risk.
Analyst inference
Investors have both a strong recent result and a demanding near-term benchmark: AMD’s fourth-quarter forecast implies about 66% annual growth. The expected adjusted gross margin, meaning sales remaining after direct costs with certain items excluded, adds a profitability measure alongside revenue.
Analyst inference
What to watch
- Check whether fourth-quarter revenue lands near the approximately $17B forecast, which includes a plus-or-minus 3% range, and whether the implied growth is delivered. Confirmed
- Watch whether adjusted gross margin meets the company’s stated outlook; this measure excludes certain items and indicates how much sales remain after direct costs. Confirmed
- Track whether demand for Instinct GPUs and EPYC CPUs continues to support Data Center sales; weaker demand could slow the segment’s growth and pressure the revenue outlook. Analyst inference