Overview
- Q3 revenue reached $9.25 billion with adjusted EPS of $1.20, beating estimates and rising 36% year over year.
- Data Center sales were about $4.3–$4.34 billion, up roughly 22% from a year ago, while Client and Gaming grew strongly and Embedded declined 8%.
- AMD guided Q4 revenue to about $9.6 billion plus or minus $300 million with an adjusted gross margin around 54.5%, and the outlook excludes MI308 shipments to China.
- Shares slipped in after-hours trading as margin guidance matched expectations and investors looked for more detail on AI accelerator roadmaps.
- Multi-year AI deals underpin future demand, including OpenAI’s plan for up to 6 gigawatts of GPUs with an option to buy roughly 10% of AMD and Oracle’s plan to deploy up to 50,000 GPUs, with rack-scale MI450 rollouts slated to begin in the second half of 2026 and more guidance expected at the Nov. 11 Analyst Day.