AMD (AMD) Q3 earnings report 2026

Key Points:

• Advanced Micro Devices (AMD) reported third-quarter earnings with revenue of $13.38 billion and adjusted EPS of $2.09, both surpassing Wall Street expectations, driven by a 45% revenue increase and nearly doubling data center sales year-over-year.
• Data center revenue now constitutes 64% of AMD's total revenue, up from 47% a year ago, with CEO Lisa Su forecasting accelerated growth in this segment and confidence in meeting demand.
• AMD’s server CPUs are gaining traction in the artificial intelligence space, particularly for agentic AI applications, contributing to a 125% rise in AMD’s stock this year despite recent market volatility.
• The PC chip and gaming segment saw declines, with revenue down 8% and gaming revenue down 40% year-over-year, reflecting broader weakness in the PC market amid rising component costs.
• For the fourth quarter, AMD projects revenue around $17 billion, beating analyst estimates, and continues to expand its AI capabilities through investments and acquisitions, including a $8.2 billion deal for AI lab World Labs and partnerships with major tech companies using its Helios AI system.