AMD Q3 Earnings: Data Center Strength Offsets Softening Client Revenue Growth
Advanced Micro Devices (AMD) reported third-quarter financial results that exceeded Wall Street expectations, driven primarily by robust demand in its data center segment. The company posted non-GAAP earnings per share of $2.09, beating estimates by $0.15, and total revenue of $13.38 billion, which surpassed projections by $290 million. Despite the overall beat, the results revealed a softening in year-over-year growth within the Client segment. However, the strength of the data center business provided significant upward momentum, leading to guidance that topped analyst estimates and contributed to positive market movement for the stock.