AMD Stock Surges After Hours As Q3 Sales Surge 45% On AI Boom, And Expectations For 80% Revenue Jump In 2027 Shashank Nayar Tue, November 3, 2026 at 5:38 PM EST 3 min read AMD +11.43% NVDA +3.78% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Third-quarter revenue jumped 45% year-over-year to $13.4 billion.
Sales in the data center division surged 97% to $8.5 billion, propelled by rapid adoption of processors and Instinct AI accelerators.
AMD projected fourth-quarter revenue of approximately $17 billion, higher than analyst expectations.
Advanced Micro Devices Inc.(AMD) reported a 45% surge in third-quarter revenue to a record $13.4 billion on Tuesday, bolstered by soaring demand for artificial intelligence processors and data center chips.
The Santa Clara, California-based chipmaker easily cleared Wall Street forecasts as data center sales nearly doubled, securing AMD's position as a chief challenger to Nvidia Corp. (NVDA) in the AI hardware market.
See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox
Adjusted earnings per share climbed 74% year-over-year to $2.09 per share, comfortably beating analysts' expectations of $13.1 billion and earnings of $1.97 per share.
AMD's Data Center segment spearheaded the quarter's growth, posting revenue of $8.5 billion, up 97% from the prior-year period. Demand for the company's EPYC server CPUs and Instinct MI450 series AI accelerators drove the expansion. Top cloud providers and AI leaders, including Microsoft (MSFT), Meta (META), OpenAI, Anthropic, and Oracle (ORCL), have deployed AMD's flagship server solutions.
However, sales across personal computer and gaming sectors faced headwinds. Combined Client and Gaming revenue dropped 8% to $3.7 billion. While desktop and laptop PC chip sales rose 7% to $2.9 billion, the gaming segment slumped 40% to $773 million due to lower semi-custom console component orders. Industry-wide memory chip shortages and rising component prices also weighed on traditional consumer PC demand.
"We delivered a record quarter with revenue exceeding the high end of our guidance," said Dr. Lisa Su, AMD chair and chief executive officer. "Demand for our Instinct and EPYC products continued to strengthen, and we expect growth to accelerate further."
For the fourth quarter of 2026, AMD expects revenue to reach approximately $17 billion, plus or minus 3%. The midpoint represents a 66% increase year-over-year and comfortably tops the average analyst projection of $16.3 billion.
Chief Financial Officer Jean Hu noted that the positive guidance is anchored by accelerating demand across the data center division as new production ramps up for the company's next-generation architectures.
"We now expect data center segment revenue growth to accelerate in the fourth quarter and full-year segment revenue to more than double from 2025," Su said in an earnings call. "We now expect server revenue to double year-over-year in 2027 and data center AI revenue to grow even faster than we projected 90 days ago."
"We now expect revenue to grow more than 80% in 2027," Su added.
Retail sentiment on Stocktwits was 'extremely bullish' with 'high' message volumes.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Shashank Nayar has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits.
NRIX Slumps 35% After-Hours — What's Driving The Selloff?
CAPR Stock Rises As Clinical Trial Investigators Write To FDA Urging Approval For Deramiocel
US China Export Controls Threaten SK Hynix's Multi-Billion-Dollar New York Chip Expansion Plan
