AMD earnings show record data-center sales and a $17 billion fourth-quarter outlook
Earnings results
- EPS comparison not verified
Actual: $2.09 (adjusted)
- Revenue comparison not verified
Actual: $13.377 (reported, billions)
- Guidance
Issued fourth-quarter revenue of about $17 billion, plus or minus 3%, and adjusted gross margin of about 55%.
Earnings and the stock move
AMD released third-quarter earnings after close on November 3, with record data-center sales and an issued fourth-quarter sales outlook. The verified after-hours price comparison occurs after the issuer release. Investors now need to judge whether delivery growth can translate into cash and durable profit while gaming demand remains weak.
Q3 2026 ended September 26 earnings recap
AMD’s earnings showed record data-center sales and a new fourth-quarter revenue outlook. Shares rose about 9.3% after hours on November 3, 2026, versus that day’s regular close.
- Quarterly revenue reached $13.38 billion. Data-center demand drove the expansion, while consumer and gaming businesses remained less consistent.
- Adjusted EPS, or profit per share, was $2.09; GAAP EPS was $1.46. Adjusted earnings remove selected costs and differ from the standard accounting measure.
- Data-center revenue reached $8.5 billion, up 97% from a year earlier. Server processors and AI accelerators are becoming increasingly important to AMD’s sales mix.
- Gaming revenue fell 40% to $773 million. Strong AI demand does not eliminate weakness in other chip markets.
- AMD issued fourth-quarter revenue guidance of about $17 billion, plus or minus 3%. This is a forecast, dependent on successful deliveries and customer demand.
- Adjusted gross margin is expected near 55%, versus 56% in the reported quarter. Watch whether faster sales growth can offset that lower share of revenue retained after production costs.
Next, watch chip deliveries, cash generation and customer spending. Competition, export restrictions and supply constraints can disrupt growth; after-hours gains can reverse.
Financials and technicals
Charts through Nov 3, 2026. The session move above may reflect later news.
Technical setup and risks
November 3 regular trading closed at $483.9, up 3.7%, before earnings. The $466–474 area contains November 2–3 lows; $513–520 marks recent trading highs. Reclaiming that upper area would strengthen a recovery, while losing the lower area would weaken it. After-hours trading is separate and can gap beyond these approximate levels.
After-hours move is measured versus the same-day regular close AI-assisted research with source and calculation checks. Prices may be delayed. Technical charts use the stated completed session, which can precede the quoted intraday move. Educational information; investing involves risk.