AMD Q3 Results Exceed Expectations, Analyst Day Seen as Key Catalyst
AMD delivered a standout third quarter with record revenue of $9.25 billion, surpassing estimates by $500 million. The 35.6% year-over-year growth came despite no contribution from restricted MI308 GPU shipments to China.
Data Center revenue jumped 22% to $4.3 billion, fueled by strong demand for EPYC processors and Instinct GPUs. Client segment revenue soared 73% to $4 billion, driven by record Ryzen processor sales. Gaming revenue surged 181% on robust semi-custom and Radeon GPU demand.
The company guided Q4 revenue to approximately $9.6 billion, above consensus estimates. While initial market reaction was muted, analysts highlight the upcoming Analyst Day as the potential catalyst for further stock appreciation.