AMD beats Q3 estimates as data center revenue nearly doubles, guides Q4 above Street
AMD reported third-quarter revenue of $13.38 billion, up 45% from a year earlier and ahead of the $13.09 billion LSEG estimate, with adjusted EPS of $2.09. Data center revenue rose 97% to a record $8.5 billion on EPYC server CPUs and the launch of Instinct MI450 GPUs. AMD guided fourth-quarter revenue to about $17 billion, plus or minus 3%, above the $16.2 billion consensus, as it scales production of its Helios racks and Venice server chips. Shares rose about 7% after hours.
Source: CNBC