CNBC: AMD Q3 Revenue Surges 45%, Q4 Revenue Guidance Around $17 Billion
According to CNBC, AMD reported a 45% year-over-year increase in third-quarter revenue, driven by data center revenue that nearly doubled and accounted for 64% of total revenue, up from 47% in the same period last year. The company expects fourth-quarter revenue to be approximately $17.0 billion, topping the $16.2 billion consensus estimate compiled by LSEG. CEO Lisa Su stated that growth in the data center processor business is expected to accelerate further. Meanwhile, combined revenue from the personal computing and gaming segments fell 8% year-over-year to $3.7 billion. At the time of reporting, AMD shares were up about 7% in after-hours trading.
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