The chipmaker exceeded quarterly expectations by booking $13.38 billion in revenue alongside an adjusted profit of $2.09 per share, anchored by a 97 percent surge in data-center operations to $8.55 billion. However, softness persisted in the client and gaming segment, where revenue dropped 8 percent to $3.72 billion. To cement its position against Nvidia, the company is advancing its Helios systems powered by MI455X accelerators, which are currently being tested by Meta. Fourth-quarter revenue is now projected to hit approximately $17 billion, comfortably surpassing analysts' average expectations.
Key points
Expanding enterprise artificial intelligence infrastructure demand is driving historic da…: Expanding enterprise artificial intelligence infrastructure demand is driving historic data-center performance while offsetting gaming segment declines.
Major commercial arrangements, including a five-year supply agreement with Meta worth up…: Major commercial arrangements, including a five-year supply agreement with Meta worth up to $60 billion, are strengthening AMD's competitive footprint.
Executive projections target revenue growth exceeding 80 percent in 2027, outpacing conse…: Executive projections target revenue growth exceeding 80 percent in 2027, outpacing consensus expectations among Wall Street analysts.
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Nov 3 : AMD forecast fourth-quarter revenue above Wall Street estimates on Tuesday and the company's data-center revenue hit a record on robust demand as its multibillion-dollar effort to challenge Nvidia's dominance of the AI chip market gathers pace.
The upbeat forecast offered some relief to investors rattled by mounting concerns over the cost of the massive AI buildout and Intel's weak outlook.
Shares of AMD jumped over 8 per cent in extended trading. The stock has more than doubled so far this year. Intel's shares rose 2 per cent, Nvidia stock climbed over 1 per cent and Broadcom also advanced 1.2 per cent.
On a conference call with analysts, AMD CEO Lisa Su said the company expects overall revenue to rise more than 80 per cent in 2027. Su's forecast is higher than the 77 per cent growth analysts expect, according to LSEG data.
Data-center revenue jumped 97 per cent to a record $8.55 billion, exceeding estimates of $8.20 billion.
The company expects fourth-quarter revenue of about $17 billion, plus or minus 3 per cent, above analysts' average estimate…
Strong quarterly financial results have eased market skepticism surrounding the endurance of the broader artificial intelligence sector. Advanced Micro Devices demonstrated tangible revenue gains from its AI initiatives despite a difficult operating environment for tech firms. The chipmaker's performance and subsequent optimistic financial forecast helped lift its shares during extended trading.
The industrial manufacturing giant is confronting massive legal liabilities tied to chemical exposure claims across the country. This significant charge highlights the mounting corporate accountability surrounding historical environmental and health damages. The substantial financial obligation will notably impact the company's bottom line moving forward.
The biopharmaceutical company is advancing a multi-million-pound capital program to upgrade its scientific presence in the United Kingdom. This expansion aims to enhance the organization's existing drug discovery capabilities across critical therapeutic pipelines. The project underscores an ongoing commercial strategy to leverage local scientific talent and regional infrastructure.