AMD reported FQ3 2026 on November 3, with revenue of $13.38 billion against a $13.06 billion estimate and EPS of $2.09 against $1.94. Data Center revenue rose 97% to a record $8.5 billion, or 64% of sales, and Q4 revenue is guided to about $17.0 billion, up 66% year over year. Client & Gaming fell 8% to $3.7 billion, while the timing of dilution from OpenAI and Meta warrants remains unclear. The stock fell 15.8% over the past week and sits well below its 52-week high of $658.52.
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AMD reported third-quarter revenue up 45% to $13.38 billion, beating the $13.09 billion LSEG consensus, while adjusted EPS came in at $2.09 versus $1.95 expected. Data center sales nearly doubled and now account for 64% of total revenue, up from 47% a year earlier, driven by demand for server CPUs that power agentic AI apps. The stock rose 7% in extended trading after recent losses. Its PC and gaming segment fell 8% to $3.7 billion, with gaming revenue down 40%. For the fourth quarter, AMD expects about $17 billion in revenue, above the $16.2 billion analyst average.
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- AMD Stock Fell 11% in a Day Ahead of Its November 3 Report. Here's Why Intel's 78% Data Center Jump Matters More to AMD Than Its PC Warning
AMD fell 10.88% to $504.80 on October 30, days before its November 3 report, after rival Intel guided fourth-quarter revenue to $15.0–16.0 billion and its shares closed down 28.58%. Intel's client and physical AI group fell 5% to $8.1 billion and it expects client revenue to drop more than 20% from the third quarter, while its data center revenue rose 78% to $7.3 billion. AMD's data center revenue more than doubled to $6.7 billion in the second quarter, making up 58% of its revenue, while client revenue rose 23% to $3.1 billion. The article notes a memory-driven PC slowdown into 2027 could weigh on roughly a quarter of AMD's revenue, and that its $8.2 billion all-stock purchase of World Labs will add shares.
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