AMD's revenue rose 45% to $13.4 billion in the last quarter, above about $13.1 billion expected, and adjusted EPS of $2.09 beat about $1.94. Data-center revenue hit a record $8.5 billion, up 97%, and the next-quarter guide of about $17 billion, plus or minus 3%, sat above analyst estimates. The stock closed at $483.90 on Tuesday, down 24% in a month, then rose 1.0% to $488.78 on Wednesday. The article argues that the 2027 growth outlook was only slightly above analysts' prior forecasts, so the drop reflected a lower price for the same future rather than weaker earnings. It also flags free cash flow of $554 million and a fourth-quarter gross margin guide of about 55%, below 56% in the last quarter.
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