AMD beats estimates as data center revenue nearly doubles

AMD reported third quarter revenue of $13.38 billion, up 45 percent from a year earlier and above the $13.09 billion analysts expected, as data center sales nearly doubled and the segment reached 64 percent of total revenue.

Why it matters: AMD is the clearest listed challenger to Nvidia in AI accelerators, and a near doubling of data center revenue with guidance above estimates pushes against the recent market worry that AI infrastructure spending is outrunning demand.

Data as of CNBC report of November 3, 2026 on AMD's third quarter results, read in full in this run; consensus figures are LSEG estimates as cited by CNBC. Developing item.

AMD reported third quarter revenue of $13.38 billion, up 45 percent from $9.25 billion a year earlier and above the $13.09 billion consensus estimate, with adjusted earnings of $2.09 per share against $1.95 expected. Data center revenue nearly doubled from a year earlier, and the segment now accounts for 64 percent of total revenue, up from 47 percent a year ago. The shares rose 7 percent in extended trading.

For the fourth quarter AMD guided to about $17 billion in revenue, above the $16.2 billion average analyst estimate, with gross margin of about 55 percent. The PC and gaming segment fell 8 percent to $3.7 billion, with gaming revenue down 40 percent, leaving the result carried almost entirely by AI data center demand.

AMD beats estimates as data center revenue nearly doubles

Sources