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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 forecast fourth-quarter revenue of about $17 billion, plus or minus 3%, while stock rose in extended trading.
AMD forecasts fourth-quarter revenue of about $17 billion, surpassing analyst estimates of $16.23 billion. Data-center revenue jumped 97% to a record $8.55 billion, driven by strong demand for chips challenging Nvidia. The company's adjusted profit reached $2.09 per share, while client sales fell 8% to $3.72 billion.
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