AMD $AMD reported third-quarter revenue of $13.4 billion, up 45% from a year earlier, as Data Center segment revenue rose 97% to a record $8.5 billion. Adjusted earnings were $2.09 a share, up from $1.20 a year earlier, the company said.
The chipmaker forecast fourth-quarter revenue of about $17 billion, plus or minus 3%, and its stock rose in extended trading
AMD $AMD reported third-quarter revenue of $13.4 billion, up 45% from a year earlier, as Data Center segment revenue rose 97% to a record $8.5 billion. Adjusted earnings were $2.09 a share, up from $1.20 a year earlier, the company said.
Analysts had expected revenue of $13.1 billion, according to The Wall Street Journal. They had expected adjusted earnings of $1.95 a share, according to CNBC, or $1.97, according to Bloomberg. Bloomberg said analysts had predicted data center revenue of $8.2 billion.
AMD stock rose in extended trading on Tuesday.
"We delivered a record quarter with revenue exceeding the high end of our guidance as Data Center segment sales nearly doubled year-over-year," AMD Chair and CEO Lisa Su said in a statement. She said the company expects growth to accelerate in the fourth quarter as it scales producti...