AMD Reports Record Q3 Revenue and Earnings Beat Driven by Data Center Growth
Advanced Micro Devices (AMD) reported third-quarter financial results that exceeded market expectations, posting a non-GAAP earnings per share of $2.09, which beat estimates by $0.15. Total revenue reached $13.38 billion, representing a significant 44.6% increase year-over-year and surpassing analyst projections by approximately $290 million. The company's performance was primarily propelled by record sales within its Data Center segment. This strong demand highlights AMD's growing footprint in high-performance computing markets, allowing the firm to exceed even the upper end of its previous financial guidance.
Tickers: $AMD
Topics: data center segment earnings beat revenue growth
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