AMD Sales Surge as Data Center Business Nears Double Growth, Shares Rise 7%
WHO:
CNBC - Advanced Micro Devices (AMD) reported its third-quarter results.
CNBC - Lisa Su is AMD’s chair and chief executive officer.
CNBC - LSEG provided the consensus estimates AMD’s results were compared against.
Techmeme - Katie Tarasov of CNBC reported on AMD’s results.
CNBC - Intel reported third-quarter data-center growth; Nvidia was identified as AMD’s competitor in the artificial-intelligence graphics processing unit market.
CNBC - Meta’s Muse was cited as an example of an agentic AI app.
WHAT:
Yahoo Finance - AMD’s gaming division includes PC graphics cards and custom silicon for game consoles.
Yahoo Finance - AMD said both PC graphics cards and console silicon faced higher prices amid a memory and storage shortage, which was depressing customer demand.
The Register - AMD projected approximately $17 billion in fourth-quarter 2026 revenue, compared with Intel’s projected $15 billion to $16 billion.
The Register - AMD’s projection could make it the largest x86 processor vendor by revenue for the first time.
Yahoo Finance - AMD’s Data Center business generated $8.5 billion in sales, exceeding Bloomberg consensus estimates of $8.19 billion; it had generated $4.34 billion in the same period a year earlier.
Yahoo Finance - AMD’s Client business, which includes PC sales, brought in $2.9 billion, below Wall Street’s $3.06 billion estimate.
Yahoo Finance - AMD’s gaming business generated $773 million in sales, down 40% year over year but above analysts’ $655 million estimate.
Yahoo Finance - Lisa Su said demand for AMD’s Instinct and EPYC products continued to strengthen and forecast faster growth in the fourth quarter as the company scales Helios and “Venice” production.
Yahoo Finance - AMD’s Helion reference design is a server rack that can be configured with different combinations of AMD CPUs and GPUs to meet customer needs.
Yahoo Finance - AMD attributed its outlook to a worse-than-anticipated decline in the PC market; the article cited comparisons with the period when Microsoft ended Windows 10 support and rising PC prices as factors weighing on demand.
CNBC - AMD reported adjusted earnings per share of $2.09, compared with the LSEG estimate of $1.95.
CNBC - AMD reported revenue of $13.38 billion, versus the $13.09 billion estimate; revenue rose 45% from $9.25 billion a year earlier.
Techmeme - AMD’s data-center revenue rose 97% to $8.5 billion.
CNBC - AMD shares rose 7% in extended trading; Techmeme reported shares jumped more than 7% after hours.
Techmeme - AMD forecast fourth-quarter revenue above analysts’ estimates.
CNBC - Su said data-center processor growth would “accelerate further” and said meeting demand would not be a problem.
CNBC - Su said AMD was “confident in our ability to sustain very strong revenue growth and expanding profitability over the coming years.”
CNBC - AMD’s data-center unit accounted for 64% of overall revenue, compared with 47% a year earlier.
CNBC - Intel’s data-center revenue rose 78% in its third quarter; its stock fell 29% amid concerns about weak guidance and its ability to meet demand.
CNBC - AMD’s server CPUs power virtual machines and can run for hours independently; the article said agentic AI demand boosted AMD shares to a record.
WHERE:
CNBC - Su spoke at an AMD Gamers Day event in Seoul, South Korea.
WHY:
The Register - AMD’s projected revenue could exceed Intel’s because AMD forecast approximately $17 billion for the quarter, while Intel projected $15 billion to $16 billion.
CNBC - The article attributed demand for AMD’s server CPUs to the rise of agentic AI applications, which use virtual machines and can operate for extended periods.
HOW:
CNBC - The article said AMD had spent years competing with Nvidia in AI GPUs, while its CPUs were experiencing a resurgence amid demand for agentic AI applications.
(UPDATED November 4, 2026 13:05 UTC)
AMD beat earnings and revenue estimates, with sales rising forty-five percent year over year. Data-center revenue nearly doubled to eight-point-five billion dollars, accounting for most company sales. AMD forecast fourth-quarter revenue around seventeen billion dollars, exceeding Intel’s projected range.
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(UPDATED November 4, 2026 04:02 UTC)
AMD beat quarterly expectations, with revenue rising 45% and shares climbing after hours. Data-center sales nearly doubled, powering most of the company’s revenue. AMD forecast stronger fourth-quarter revenue as demand for its processors accelerates.
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(UPDATED November 3, 2026 22:06 UTC)
AMD beat earnings and revenue estimates, with data-center sales nearly doubling to $8.5 billion. The company forecast fourth-quarter revenue above expectations, sending shares up seven percent after hours. CEO Lisa Su said processor growth would accelerate as agentic AI fuels server demand.