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AMD Stock Jumps 8% After Q3 Earnings Beat
Why is AMD stock up today?
AMD (AMD) stock rose about 8% to $520.40 in after-hours trading Tuesday after earnings showed data center sales nearly doubled to a record $8.55B and a fourth-quarter forecast of about $17B.
Key numbers
| Data center revenue | $8.55B+97% YoY |
|---|---|
| Total revenue | $13.4B+45% YoY |
| Q4 revenue guidance | ~$17Bvs $16.2B expected |
| Adjusted EPS | $2.09+74% YoY |
| After-hours price | $520.40+7.5% vs $483.90 close |
What happened
AMD (AMD) stock rose about 8% to $520.40 in after-hours trading Tuesday after earnings showed data center sales nearly doubled to a record $8.55B and a fourth-quarter forecast of about $17B. Data center sales, which come from chips used in AI and cloud servers, rose 97% from a year earlier. Total sales of $13.4 billion beat the roughly $13.1 billion analysts expected, and adjusted profit per share of $2.09 topped the $1.95 expected. The company's own forecast (guidance) of about $17 billion compares with the $16.2 billion analysts had expected.
Why it matters
AMD sells some of the chips that power AI, so its results show how strong spending on AI data centers still is. Data center sales are now 64% of its total revenue, up from 47% a year ago. Its forecast implies sales about 66% higher than a year earlier, a sign that big customers such as Meta, Microsoft and OpenAI are still ordering heavily.
Who this affects
- MarketbullishMedium impact
- Chip stocks rebounded Tuesday; AMD's report adds to AI optimism.
- CompanybullishHigh impact
- Shareholders gain as sales and forecast beat expectations.
- CompetitorsneutralMedium impact
- Rivals Nvidia and Intel also report booming data center sales.
- IndustrybullishMedium impact
- AI chip demand keeps accelerating, good for chip makers.
AMD vs Nvidia, Intel
How we got here
AMD shares fall about 7% in a chip-stock selloff ahead of earnings.
AMD closes up 3.65% at $483.90 before reporting results.
AMD reports Q3 revenue of $13.4B and guides Q4 to about $17B.
AMD shares jump about 8% after hours to $520.40.
What to watch
- Whether AMD holds its roughly 8% after-hours gain in regular trading.2026-11-04
- Nvidia's next results, after it guided quarterly revenue to about $108B, for a read on AI demand.Q4 2026
- AMD's Q4 results versus its $17B forecast as Helios and Venice production scales.Q1 2027
Educational content only. Not investment advice.
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