AMD reports 45 percent revenue growth for third quarter
Semiconductor manufacturer AMD posted record third-quarter revenue of $13.4 billion, exceeding market expectations as data center demand remains strong.
AMD announced third-quarter revenue of nearly $13.4 billion, marking a 45 percent increase compared to the same period last year. The results surpassed consensus estimates of $13.09 billion, while adjusted earnings reached $2.09 per share, outperforming the projected $1.95.
The primary driver of this growth was the company's data center segment, which saw sales nearly double to a record $8.5 billion. This surge underscores the sustained market demand for high-performance computing hardware required for artificial intelligence applications.
Looking ahead, AMD has provided fourth-quarter revenue guidance of approximately $17 billion. If achieved, this would represent a 66 percent increase year-over-year. The company's stock rose following the announcement, recovering from recent sector-wide volatility.