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

Benzinga

AMD beat expectations with Q3 revenue of $9.25B and EPS of $1.20, driven by strong demand across Client, Gaming, and Data Center chips. CEO Lisa Su said EPYC, Ryzen, and Instinct AI products helped deliver record profitability. The company forecast Q4 revenue of about $9.6B, above estimates, though shares dipped after hours.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Advanced micro-devices reported strong third-quarter results that top Wall Street expectations,

00:07according to Benzinga. Chipmaker posted adjusted earnings of $1.20 per share at $9.25 billion in

00:12revenue, beating forecasts of $1.16 per share at $8.74 billion, respectively. Quarterly revenue

00:19rose 36% year-over-year, driven by strong growth in client and gaming in data center segments,

00:24offset by a decline in embedded. CEO Lisa Seuss and AMD achieved record revenue

00:29and profitability, driven by strong demand for its EPYC, Ryzen, and Instinct AI products.

00:35AMD forecasts in fourth-quarter revenue of about $9.6 billion,

00:40exceeding analysts' expectations of $9.15 billion.

00:43Shares fell 3.1% in after-hours trading to $242.25.

00:48For all things money, visit Benzinga.com.

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