AMD reports record third-quarter revenue of $13.4 billion
The chipmaker saw a 45 per cent revenue increase driven by strong demand for artificial intelligence processors and data centre products.
Advanced Micro Devices (AMD) reported record third-quarter 2026 revenue of $13.4 billion, according to the Economic Times. This figure marks a 45 per cent increase from the previous year and exceeded Wall Street expectations.
The company's data centre business was the primary growth driver, with revenue rising 97 per cent year-on-year to a record $8.5 billion. This segment accounted for approximately 64 per cent of total revenue, supported by demand for Instinct AI accelerators and EPYC server processors.
Non-GAAP earnings per share rose 74 per cent year-on-year to $2.09, which was higher than the $1.94 estimated by analysts. Data centre operating margins also expanded to 34 per cent from 25 per cent a year earlier.
AMD expects fourth-quarter revenue to be approximately $17 billion, plus or minus 3 per cent. Management anticipates that data centre AI revenue will surpass server CPU revenue during this period.
The company projects total revenue growth of more than 80 per cent in 2027. It expects the data centre business to contribute more than 80 per cent of total revenue next year.
AMD shares gained around 8 per cent in extended trading following the announcement. However, the company noted it continues to face supply constraints as demand for data centre products outpaces available capacity.