AMD forecasts 2027 sales growth above analyst expectations
AI · First reported 3 Nov, 21:18 · Updated 21:22
AMD projected revenue growth above analysts’ expectations for 2027, with its data-center business identified as the main driver. The company also reported higher-than-expected third-quarter revenue and forecast fourth-quarter revenue above the analyst average.
- AMD forecast overall revenue growth of more than 80% in 2027, compared with analysts’ estimate of 77%.
- Third-quarter data-center revenue rose 97% to a record $8.55 billion, while total revenue increased 45% to $13.38 billion.
- AMD forecast fourth-quarter revenue of about $17 billion, plus or minus 3%, above analysts’ average estimate of $16.23 billion.
Summary written by Lux AI from 3 articles
Key facts
- 2027 revenue outlook
- More than 80% growth; analysts estimated 77%.
- Third-quarter data-center revenue
- $8.55 billion, up 97% and a record.
- Fourth-quarter revenue forecast
- About $17 billion, plus or minus 3%; analyst average was $16.23 billion.
- Third-quarter total revenue
- $13.38 billion, up 45%.
- Client and gaming segment
- Revenue fell 8% to $3.72 billion, missing estimates.
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Background
- An earlier Lux summary said AMD’s third-quarter revenue and adjusted earnings exceeded analyst estimates, with data-center sales nearly doubling year over year. [059cc5d3-97d5-4030-a174-68a20ba6a099]
- Another earlier Lux summary reported that semiconductor shares rose in early Tuesday trading after a steep sector decline, as investors awaited AMD’s results. [9ede6758-d018-4f50-885f-dc4afdfe9736]
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