AMD reported record third-quarter revenue of $13.4 billion, up 45% year-over-year, driven by strong demand for AI processors and data center chips. Data Center revenue reached $8.5 billion, up 97%, on demand for EPYC server CPUs and Instinct MI450 accelerators, and Microsoft, Meta, OpenAI, Anthropic and Oracle have deployed AMD's server solutions. Adjusted earnings per share rose 74% to $2.09, beating analysts' expectations of $13.1 billion in revenue and $1.97 per share. By contrast, Client and Gaming revenue fell 8% to $3.7 billion, with gaming down 40% to $773 million on lower semi-custom console orders, while industry memory chip shortages and rising component prices weighed on consumer PC demand. For Q4 2026, AMD expects revenue of about $17 billion, plus or minus 3%, a 66% year-over-year increase at the midpoint and above the average analyst projection of $16.3 billion; the company expects 2027 revenue to grow more than 80%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
AMDearningsartificial intelligencedata centerssemiconductors
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 685.34 |
| Change that session | +0.62% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Was There Any Sign AMD Stock Would Run?
A $10,000 investment in AMD made on October 27, 2025, was worth about $22,280 at the market close on October 28, 2026, while the S&P 500 returned 14.0% over the same period. Data center revenue became the main driver, accounting for 58% of sales in the quarter ended June 2026, up from 42% a year earlier, and reaching a record $6.7 billion. The article argues that signs were visible before the run, including the October 6, 2025 OpenAI agreement to deploy 6 gigawatts of AMD GPUs. AMD kept adding customers, including Anthropic with up to 2 gigawatts of MI450 chips and Meta, which will use AMD Helios rack systems. Management expects data center revenue to more than double in 2027, though this is a forecast rather than a result.
- What Changed In AMD's Story?
AMD now highlights Helios, a full rack-scale AI platform combining EPYC Venice CPUs and MI450 series GPUs, rather than the MI300X it emphasized in its October 29, 2024 call. On its August 4, 2026 call, management said Anthropic will deploy up to 2 gigawatts of MI450 series GPUs in Helios, with the first gigawatt starting in the first half of 2027. The Data Center segment brought in $16.6 billion in fiscal 2025, or 48.0% of revenue, and in fiscal Q2 2026 data center revenue grew 107% to $6.7 billion. Helios is not yet included in reported figures, as initial shipments were expected to begin later in the third quarter, so investors are partly paying for a product with no reported sales. The article says the shift looks more reassuring than concerning and points to data center revenue for fiscal Q3 2026, expected in November 2026, as the key figure to watch.
- Prediction: 2 Stocks That Will Be Worth More Than AMD 5 Years From Now
The article compares AMD with two AI companies, Cerebras Systems (CBRS) and Marvell Technology (MRVL). Cerebras makes an oversized chip designed to speed up AI computing; in Q2 2026, its core revenue more than doubled year over year, cloud revenue nearly quadrupled, and remaining performance obligations (RPO) reached $25.4 billion. Management expects core revenue to more than triple in 2027, after guiding for $880 million to $890 million this year. Marvell supplies custom chips and high-speed connectivity for AI data centers and targets $70 billion to $90 billion in revenue by fiscal 2031, up from $8.2 billion in fiscal 2026. Market caps are about $829 billion for AMD, $195 billion for Marvell and $26 billion for Cerebras; the article says Marvell has an established business, while Cerebras is higher-risk, with customer concentration among its risks.
- Here's What a $5,000 Investment in AMD Could Be Worth by 2032
AMD shares have risen 147% in 2026 as of writing, well ahead of the 57% gain in the PHLX Semiconductor Sector index, driven by demand for its server CPUs and GPUs in AI data centers and by gains in the PC market. The data center segment made up 58% of Q2 revenue, rising 107% year over year to $6.7 billion. The company cites an AI data center accelerator market growing at a 45% CAGR through 2030, reaching $1.4 trillion in revenue, and says its server CPUs are used by hyperscalers including Amazon, Microsoft, Oracle, and Google. Other catalysts include its Helios rack-scale systems, semi-custom processors for next-generation Sony and Microsoft consoles, and PC client CPU revenue up 23% to $3.1 billion, with market share estimated at 30.3% versus 23.9% a year earlier, while global PC shipments fell 4%.
- Advanced Micro Devices Stock Surges 183% YTD: Time to Hold or Exit?
AMD shares have risen 182.8% year to date, far outpacing the 22.7% gain of the Zacks Computer and Technology sector and the 123.1% rise of its industry, and also beating NVIDIA (22.6%), Broadcom (3.3%) and Intel (178.6%). The rally is driven by AI infrastructure spending, demand for EPYC server CPUs and Instinct accelerators, and expanding hyperscaler deployments. Data Center revenue jumped 107% year over year to a record $6.7 billion in the second quarter of 2026, accounting for 58% of total revenue. For the third quarter of 2026, AMD guided to revenue of about $13 billion, plus or minus $300 million. The article also flags supply constraints and intense competition from NVIDIA, Broadcom and Intel as key risks.
- AMD CEO Lisa Su Sees AI Inference Boom Fueling $1.5T Demand By 2030: 'About 60% Of The Market Going Forward'
AMD CEO Lisa Su says AI inference will account for about 60% of the AI market, with data center AI accelerator demand potentially reaching $1.5 trillion by 2030, speaking at the 2026 OCP Global Summit. She said CPU demand is also surging, driven by AI agents: AMD has raised its CPU TAM three times in the past nine months and expects roughly 50% CAGR over the next four or five years, reaching over $200 billion by 2030. The Helios rack system, developed with Meta and combining 72 GPUs, began production shipments in September to major customers including Meta, Microsoft, OpenAI, Oracle and Anthropic, and AMD estimates it delivers 30% more tokens per dollar. AMD also introduced the Helion rack for agentic AI and the EPYC Verano server chip. AMD stock has gained over 177% year-to-date, while retail sentiment on Stocktwits slipped to 'bearish' from 'neutral'.
Related markets
Latest news
- Should You Buy Qualcomm Stock Before Its Nov. 4 Report?
Qualcomm shares fell 11% on Oct. 30 to close at $164.79 amid a chip sell-off triggered by Intel's weaker fourth-quarter revenue forecast and its warning that the PC slowdown could last until at least mid-2027. Handset chip revenue dropped 20% in the June quarter to $5.1 billion, hurt by tight memory supply and a much lower expected share of new iPhone launches, and Qualcomm forecast Apple revenue falling about 50% from the September to the December quarter. Guidance for fiscal fourth-quarter revenue is $9.7 billion to $10.5 billion, with non-GAAP EPS of $2.05 to $2.25. Two custom chip deals with large cloud companies are expected to start generating revenue in the December quarter, while automotive sales rose 61% to a record $1.6 billion. The author says the stock trades at about 17 times expected fiscal 2027 earnings, a little below the S&P 500's roughly 19 times, and is not in a rush to invest before the report, preferring to watch actual data center revenue.
- New Over-the-Horizon Radar in Kaliningrad Could Monitor All of Europe
According to German media, Europe is concerned about a new Russian over-the-horizon radar being completed near Gvardeysk in Kaliningrad. NATO estimates the system could observe targets more than 3,000 km away, potentially covering all of Europe, although Russia has not published its technical specifications. The system is expected to detect ballistic missiles and NATO aircraft, spot low-flying targets including drones, and carry out electronic reconnaissance. Europe is preparing countermeasures such as surveillance systems on offshore wind farms in Poland and reconnaissance satellites from Germany and Finland, while NATO officials reportedly reassure themselves that the radar is very large and easy to destroy if necessary.
- Legendary Investor Who Profited From the 2008 Crisis Unexpectedly Bets on a Teddy Bear Retailer
Michael Burry, the investor known for shorting ahead of the 2008 financial crisis, is optimistic about Build-A-Bear Workshop (BBW), according to a Substack analysis reported by Business Insider, and he disclosed holding the stock since August 2026. The shares, which topped $75 in 2025, now trade around $25, down more than 50% so far in 2026. Burry argues the market underestimates the company's restructuring and notes that about 25% of its free float is sold short, which could set up a short squeeze. He estimates a market capitalization below $300 million, no financial debt and EBITDA of about $80 million. However, fiscal Q2 2026 revenue fell 7.2% to $115.3 million, and the company cut its full-year revenue forecast to $500–525 million.
- Stock Market Today, Nov. 3: Markets Edge Higher as Semiconductor Stocks Rebound
The Nasdaq Composite rose 0.83% to 25,372 and the S&P 500 gained 0.36% to 7,569 as semiconductor stocks rebounded, while the Dow Jones Industrial Average slipped 0.38% to 51,787. Gold fell 0.48% to $3,928.06 at the U.S. market close, and the 10-year Treasury yield rose to 4.97%. Fiserv jumped 12.46% after beating expectations and raising its annual cost-savings targets, while AMD rose over 9% after hours on strong data center demand. Shopify fell sharply after its first revenue miss in four years, and Gartner dropped 13.19% on slower subscription growth. The article says earnings were the main market driver, though investors remain cautious about AI valuations and revenue.
- Is Palantir Stock a Buy After its Latest Earnings Report?
Palantir shares fell more than 5% after the third-quarter report and are now 16% below their all-time high, as investors worried that total contract value (TCV) rose just 6% year over year after a 49% jump in the second quarter. Third-quarter revenue reached $2.31 billion, up 96%, with U.S. commercial revenue rising 148% to $984 million, and for the first time it exceeded U.S. government revenue. TCV reached $2.92 billion; CFO Dave Glazer said several large contracts were shorter than usual as customers began adopting its Sovereign AI capabilities, and the company expects these agreements to grow in size and duration. Total remaining deal value rose 55% to $13.4 billion, and the company raised its full-year revenue guidance to about 91% growth. The author says the valuation remains high at 108x forward P/E and 51x forward price-to-sales, but still holds the shares and sees the long-term opportunity as larger than any single year's price target.
- Bitcoin vs Nvidia: $10,000 Invested 5 Years Ago, Which Is Worth More Now?
A $10,000 investment in NVIDIA made on November 3, 2021 had grown to about $76,300 by November 2, 2026, a 663% gain, while the same amount in Bitcoin had reached only about $12,200. The article attributes the gap to NVIDIA's earnings growth: fiscal 2026 revenue was $215.9 billion, up 65.5%, whereas Bitcoin has no revenue structure and its price depends solely on market demand. Bitcoin traded at $77,609, down about 38.4% from its all-time high of $126,080, while NVIDIA fell 13.6% over the month to November 2. Both assets are affected by investor risk sentiment and the rise of AI, as major cloud companies plan nearly $800 billion in 2026 capital projects. The author notes that if NVIDIA's future earnings fall short of expectations, both assets could trend lower.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.