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AMD forecasts fourth-quarter revenue above analyst estimates

Technology · First reported 3 Nov, 21:18 · Updated 21:55

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AMD forecast fourth-quarter revenue of about $17 billion and reported record data-center revenue of $8.55 billion for the third quarter. Its client and gaming sales declined, while the company cited growing demand for AI-related chips.

  • AMD expects fourth-quarter revenue of about $17 billion, plus or minus 3%, compared with analysts’ average estimate of $16.23 billion.
  • Third-quarter data-center revenue rose 97% to a record $8.55 billion; total revenue increased 45% to $13.38 billion.
  • Client and gaming revenue fell 8% to $3.72 billion, below estimates, while AMD said its Helios rack systems were in production and initial systems were being tested at Meta.
Summary written by Lux AI from 2 articles

Key facts

Fourth-quarter revenue forecast
About $17 billion, plus or minus 3%.
Third-quarter total revenue
$13.38 billion, up 45%.
Third-quarter data-center revenue
$8.55 billion, up 97%.
Third-quarter adjusted earnings
$2.09 per share.
Client and gaming revenue
$3.72 billion, down 8%.

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