AMD's revenue and earnings outlook beat expectations, and shares rose more than 9% in after-hours trading.

TechFlow report, November 4: According to Jin10 Data, AMD's revenue in the third quarter of 2026 was $13.38 billion, up 45% year over year and above market expectations of $13.09 billion; adjusted EPS was $2.09, above expectations of $1.95. Data center segment revenue nearly doubled year over year to $8.5 billion, accounting for 64% of total revenue, up from 47% in the same period last year.

AMD expects fourth-quarter revenue of about $17 billion, above market expectations of $16.2 billion to $16.3 billion, but gross margin guidance is 55%, below market expectations of 55.3%. CEO Lisa Su said demand for data center processors is expected to accelerate further, and the company is capable of meeting AI chip demand.

After earnings were released, AMD rose more than 9% in after-hours trading, lifting semiconductor stocks including NVIDIA and SK hynix. Affected by tight memory chip supply and rising prices, PC and gaming segment revenue declined 8% year over year to $3.7 billion, with gaming revenue down 40%.

Source: TechFlow