Overview
- AMD reported revenue of $9.25 billion, up 36%, with adjusted EPS of $1.20 and net income of $1.24 billion, topping forecasts.
- For Q4, AMD guided roughly $9.6 billion in revenue and projected an adjusted gross margin of 54.5%.
- Management said the outlook excludes revenue from Instinct MI308 shipments to China.
- Recent AI customer commitments include OpenAI agreeing to deploy 6 GW of Instinct GPUs over several years and possibly acquiring about a 10% stake, plus Oracle planning to add 50,000 Instinct MI450 chips to its cloud next year.
- Growth was broad-based: data center revenue reached $4.34 billion (up 22%), client PCs $2.75 billion (up 46%), and gaming $1.30 billion (up 181%).