AMD Reports Strong Q3 Earnings Driven by Data Center Growth
Advanced Micro Devices (AMD) reported third-quarter financial results that exceeded market expectations, posting an EPS of $2.09 and revenue of $13.38 billion. The company's performance was primarily driven by its Data Center segment, which now accounts for 64% of total revenue due to high demand for EPYC processors and MI450 GPUs. Looking ahead, management provided optimistic guidance with Q4 revenue projected at $17 billion. Long-term projections are even more aggressive, with the company expecting data center revenue to exceed 80% of its total mix by 2027 and overall revenue growth to surpass 80% within that same timeframe.
Tickers: $AMD
Topics: AI chips data center revenue earnings report revenue guidance