Technology
AMD Posts Record Quarter as Data-Center Sales Nearly Double
Revenue rose 45 percent to $13.38 billion, beating estimates, as data-center revenue jumped 97 percent to a record $8.55 billion on AI demand.
Advanced Micro Devices reported third-quarter 2026 revenue of $13.38 billion on November 3, up 45 percent year over year and above the $13.09 billion analyst estimate, Reuters reported.
Data-center revenue jumped 97 percent to a record $8.55 billion, above the $8.20 billion estimate, as demand for AI workloads drove sales of the company's accelerators and processors.
Adjusted profit was $2.09 per share, against $1.95 expected. Client and gaming revenue fell 8 percent to $3.72 billion, a softer spot in an otherwise record quarter.
AMD forecast fourth-quarter revenue of about $17 billion, plus or minus 3 percent, above the $16.23 billion average estimate. Chief Executive Lisa Su described it as a record quarter, with data-center demand driven by AI workloads.
The result lands in a week when investors are scrutinizing Big Tech AI spending for returns, and AMD's data-center acceleration stands in contrast to the broader market's nervousness about the AI trade.
Reporting: Reuters
Spot an error? Orbit News corrects articles promptly and notes the correction in the article. See our Editorial Policy, or flag an error by messaging us on Facebook, X, or Instagram.
