AMD reports stronger-than-expected results as data center sales rise

Technology · First reported 3 Nov, 20:12 · Updated 20:52

Image: Wikimedia Commons · Francis Matahum · CC BY-SA 4.0

AMD reported third-quarter revenue and adjusted earnings above analyst estimates, with data center sales nearly doubling year over year. The company forecast fourth-quarter revenue of about $17 billion.

AMD reported adjusted earnings per share of $2.09 and revenue of $13.38 billion, above LSEG estimates of $1.95 and $13.09 billion, respectively.
Data center sales nearly doubled from a year earlier and made up 64% of AMD revenue, compared with 47% a year earlier.
AMD forecast fourth-quarter revenue of about $17 billion, above the $16.2 billion analyst average cited in the report; its stock rose 7% in extended trading.

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Key facts

Third-quarter revenue: $13.38 billion; $13.09 billion was the LSEG estimate.
Adjusted earnings per share: $2.09; the LSEG estimate was $1.95.
Data center share of revenue: 64%, compared with 47% a year earlier in the detailed report.
Fourth-quarter revenue outlook: About $17 billion.
Extended-trading stock move: Up 7%.