AMD Q3 Earnings: Revenue, EPS Top Estimates As AI Data Center Business Drives Growth

Core Insights - Advanced Micro Devices Inc (AMD) reported third-quarter revenue of $9.25 billion, exceeding analyst estimates of $8.74 billion, with adjusted earnings of $1.20 per share, surpassing expectations of $1.16 per share [2][3] Financial Performance - Total revenue increased by 36% year-over-year, with operating income of $2.24 billion and cash and cash equivalents of approximately $4.81 billion at the end of the quarter [2][3] - Revenue breakdown by segment includes Data Center at $4.3 billion (up 22% year-over-year), Client and Gaming at $4 billion (up 73% year-over-year), and Embedded at $857 million (down 8% year-over-year) [7] Future Outlook - AMD anticipates fourth-quarter revenue of approximately $9.6 billion, with a variance of plus or minus $300 million, compared to analyst expectations of around $9.15 billion [4] - The current outlook does not factor in revenue from AMD Instinct MI308 shipments to China [5]