AMD Posts Record Q3 Revenue of $13.4 Billion as Data Center Sales Nearly Double

Advanced Micro Devices reported record third-quarter 2026 revenue of $13.4 billion, up 45% year-over-year, beating the high end of its own guidance. The standout figure was Data Center segment revenue of $8.5 billion, up 97% from $4.3 billion in Q3 2025, fueled by record sales of AMD Instinct GPUs, including the newly launched MI450 Series, and AMD EPYC CPUs. Non-GAAP earnings per share came in at $2.09, a 74% increase year-over-year, while GAAP diluted EPS was $1.46.

The Client and Gaming segment declined 8% year-over-year to $3.7 billion, and the Embedded segment grew 29% to $1.1 billion, driven by aerospace, defense, automotive, and industrial demand. Data Center operating income surged 168% year-over-year to $2.9 billion, illustrating the margin leverage AMD is extracting from its AI hardware ramp.

For Q4 2026, AMD guided revenue of approximately $17 billion, plus or minus 3%, ahead of Wall Street consensus, with a non-GAAP gross margin target of around 55%. AMD shares initially surged nearly 10% after the results were released on the evening of November 3, though those gains were largely surrendered by the following morning's premarket session, with the stock trading near flat.