AMD Set for Strong Q3 Earnings Amid Data Center Boom
Advanced Micro Devices (AMD) is poised to deliver robust third-quarter results after Tuesday's market close, with Wall Street anticipating $8.76 billion in revenue and $1.17 in adjusted earnings per share. The chipmaker's data center segment is expected to shine, projected to generate $4.18 billion—a 17.6% year-over-year surge—as server demand outpaces Intel's supply constraints.
Morgan Stanley maintains an Equal-weight rating but acknowledges AMD's strategic positioning. The firm secured a landmark deal with OpenAI to supply six gigawatts of GPUs, beginning with MI450 servers in late 2026. Its MI350 Series now challenges NVIDIA's B200 in training and inference workloads at competitive price points.