Advanced Micro Devices, Inc.: Beat — EPS $2.09, Revenue $13.38B
Earnings BeatQ3 2026 · After-market
Did Advanced Micro Devices, Inc. (AMD) beat earnings today?
Yes, Advanced Micro Devices, Inc. (AMD) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+7.73% surprise
$2.09Actual
Expected: $1.94
vs. year ago +74.0%
Total Revenue+2.19% surprise
$13.38BActual
Expected: $13.09B
vs. year ago +45.0%
Released Nov 03 · 4:15 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $13.38B | $9.25B | +45 |
| Revenue detail — reported lines | |||
| └─Data Center Segment | $8.55B | $4.34B | +97 |
| └─Total Client and Gaming | $3.72B | $4.05B | -8 |
| └─Client | $2.95B | $2.75B | +7 |
| └─Gaming | $773.00M | $1.30B | -40 |
| └─Embedded Segment | $1.11B | $857.00M | +29 |
| Net Income | $2.43B | $1.24B | +95 |
| GAAP Basic EPS | $1.48 | $0.76 | +94.7 |
| GAAP Diluted EPS | $1.46 | $0.75 | +95 |
| Non-GAAP Diluted EPS | $2.09 | $1.20 | +74 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Revenue | ~$17B ±3% (+66% YoY, +27% sequential | $16.14BBeat +5.33% |
| Non-GAAP Gross Margin | ~55% | — |
Q4 2026 Outlook
- Revenue
- Guidance~$17B ±3%(+66% YoY, +27% sequentialExpected$16.14BBeat +5.33%
- Non-GAAP Gross Margin
- Guidance~55%Expected—
Business Highlights
- ➤Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure are running workloads on first AMD Helios rackscale solutions.
- ➤HPE announced Vultr will deploy the first AMD Helios by HPE systems.
- ➤Oracle Cloud Infrastructure announced OCI Compute E7 instances powered by 6th Gen AMD EPYC CPUs.
- ➤AMD introduced Helion, an open reference architecture for rack-scale agentic systems.
- ➤AMD released ROCm 10 with ROCm.AI, updated software tools and expanded model support.
- ➤EuroHPC JU selected AMD Instinct MI430X GPUs and 6th Gen EPYC processors for LUMI-AI.
- ➤Google Cloud and Microsoft announced general availability of storage-optimized instances using 5th Gen EPYC CPUs.
- ➤AMD agreed to acquire World Labs to add model research expertise.
- ➤AMD agreed to acquire Taalas to add specialized inference silicon technology.
- ➤AMD began sampling the Versal AI Core XQRVC1902 space-grade adaptive SoC.
- ➤Kodiak AI’s next-generation autonomous truck platform is powered by AMD EPYC processors.
- ➤AMD introduced Ross, an agentic embedded-system design tool.
- ➤Ryzen AI Halo systems powered by Ryzen AI Max PRO 400 Series processors became available.
- ➤AMD debuted the Threadripper Halo Station for running trillion-parameter models locally.
Management Commentary
Dr. Lisa Su, AMD chair and CEO
“We delivered a record quarter with revenue exceeding the high end of our guidance as Data Center segment sales nearly doubled year-over-year. Demand for our Instinct and EPYC products continued to strengthen, and we expect growth to accelerate further in the fourth quarter as we scale Helios and ‘Venice’ production. With our leadership product portfolio and deep customer and supply chain relationships, we are confident in our ability to sustain very strong revenue growth and expanding profitability over the coming years.”
Jean Hu, AMD executive vice president, chief financial officer and treasurer
“Third quarter revenue grew 45% year-over-year to a record $13.4 billion, while non-GAAP earnings per share grew 74%, demonstrating the significant operating leverage in our business model as our Data Center business drives scale. Our fourth-quarter outlook reflects accelerating revenue and earnings growth, driven by strong demand across our Data Center portfolio.”