Reports Q3 revenue $9.25B, consensus $8.75B. “We delivered an outstanding quarter, with record revenue and profitability reflecting broad based demand for our high-performance EPYC and Ryzen processors and Instinct AI accelerators,” said Dr. Lisa Su, AMD (AMD) chair and CEO. “Our record third quarter performance and strong fourth quarter guidance marks a clear step up in our growth trajectory as our expanding compute franchise and rapidly scaling data center AI business drive significant revenue and earnings growth.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AMD Earnings: Advanced Micro Devices Tops Estimates and Smashes Revenue Outlook
- Last-Minute Thought: Morgan Stanley Sets Expectations on AMD Stock Ahead of Earnings
- Notable companies reporting after market close
- Super Micro Computer’s (SMCI) Q1 Earnings Today: Options Traders Brace for an 11.5% Swing
- Here’s what Wall Street is saying about Qualcomm ahead of earnings
