How much did AMD's data center revenue grow?

Data center revenue nearly doubled from last year, according to AMD's third-quarter results.

How did the stock react to AMD's results?

The figures boosted one of the year's best-performing tech stocks after market close, following a shaky few weeks in the AI trade.

What did investors expect from AMD's report?

A portfolio manager told Bloomberg that AMD needed not just a beat, but a significant beat with a pretty significant outlook to satisfy mounting investor expectations.

AI Stocks & MarketsAI Business & IndustrySemafor Tech3m agoNov 4, 2026, 10:01 JST

AMD third-quarter earnings beat Wall Street estimates

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3 Key Points

What happened
AMD's third-quarter earnings beat Wall Street estimates, with data center revenue nearly doubling from last year on record demand for its AI chips.
Why it matters
The results boosted one of the year's best-performing tech stocks after market close, following a shaky few weeks in the AI trade.

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Context & Analysis

AMD's results arrived after a difficult stretch for AI-linked stocks. Disappointing hyperscaler results had swept up AI-exposed firms in a tech-wide selloff, and Intel in particular saw its steepest single-day drop in 50 years on renewed jitters over firms' big AI investments. Against that backdrop, a portfolio manager told Bloomberg that AMD needed not just a beat, but a significant beat that comes with a pretty significant outlook. The third-quarter figures — a beat on Wall Street estimates and data center revenue nearly doubling from last year — lifted one of the year's best-performing tech stocks after market close.

FAQ

How much did AMD's data center revenue grow?: Data center revenue nearly doubled from last year, according to AMD's third-quarter results.
How did the stock react to AMD's results?: The figures boosted one of the year's best-performing tech stocks after market close, following a shaky few weeks in the AI trade.
What did investors expect from AMD's report?: A portfolio manager told Bloomberg that AMD needed not just a beat, but a significant beat with a pretty significant outlook to satisfy mounting investor expectations.

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