AMD posts record AI-driven earnings growth
AMD (AMD) reported third-quarter 2026 results on November 3 at 4:15 p.m. ET, with revenue surging 45% year over year to $13.377 billion, above FactSet's $13.1 billion consensus.
GAAP net income increased 95% to $2.428 billion, while diluted GAAP EPS reached $1.46. Adjusted net income rose to $3.471 billion, and adjusted EPS of $2.09 exceeded the comparable $1.95 analyst estimate, highlighting stronger profitability alongside rapid AI infrastructure expansion.
Data-center revenue jumped 97% year over year to $8.5 billion, offsetting an 8% decline in Client and Gaming sales. AMD projected approximately $17 billion in fourth-quarter revenue, above the $16.23 billion analyst consensus. A $1.097 billion warrant-liability remeasurement affected GAAP earnings. The stronger outlook and AI-chip demand lifted AMD shares more than 8% in after-hours trading, although that move was not a confirmed regular-session closing return.
| Metric | Actual | Consensus / prior |
|---|---|---|
| Revenue / YoY growth | $13.377B / +45% | FactSet: $13.1B |
| GAAP net income | $2.428B | Prior: $1.243B |
| GAAP diluted EPS | $1.46 | Prior: $0.75 |
| Adjusted net income | $3.471B | Prior: $1.965B |
| Adjusted EPS | $2.09 | FactSet: $1.95 |
| Data-center revenue | $8.546B / +97% | Prior: $4.341B |
| Adjusted gross margin | 56% | Prior: 54% |
| Q4 2026 revenue guidance | $17B ±3% | Consensus: $16.23B |
| Q4 2026 adjusted gross-margin guidance | Approximately 55% | Company outlook |
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