AMD’s Q3 2026 revenue rose 45%, while its Q4 outlook topped estimates

📊 AMD $AMD – Q3 2026 RESULTS

🔹 Key results

🟢 Revenue: USD 13.40 billion (Est. USD 13.09 billion) Year-over-year growth: +45%

🟢 Adjusted earnings per share (EPS): USD 2.09 (Est. USD 1.95) Year-over-year growth: +74%

🔮 Q4 2026 outlook

🟢 Expected revenue: approximately USD 17 billion ± 3% (Est. USD 16.23 billion)

🔹 Expected gross margin (Non-GAAP): approximately 55%

📊 Revenue by segment

🟢 Data Center: USD 8.55 billion (Est. USD 8.27 billion) Year-over-year growth: +97%

🔹 Client and Gaming segments combined: USD 3.70 billion Year-over-year decline: −8%

🔴 Client segment (PC processors): USD 2.95 billion (Est. USD 3.03 billion) Year-over-year growth: +7%

🟢 Gaming segment: USD 773 million (Est. USD 634 million) Year-over-year decline: −40%

🟢 Embedded segment: USD 1.11 billion (Est. USD 1.07 billion) Year-over-year growth: +29%

💰 Additional financial metrics

🔹 Gross margin (Non-GAAP): 56% Year-over-year improvement of 2 percentage points.

🟢 Operating income (Non-GAAP): USD 3.92 billion (Est. USD 3.67 billion) Year-over-year growth: +75%

🟢 Adjusted EBITDA: USD 4.16 billion (Est. USD 4.02 billion) Year-over-year growth: +71%

🔴 Free cash flow (FCF): USD 554 million (Est. USD 1.05 billion) Year-over-year decline: −64%

🚀 Important announcements

🔹 AMD Helios: Anthropic, Meta, Microsoft, OpenAI, and Oracle Cloud Infrastructure are already running AI models on the first AMD Helios systems, powered by MI450 graphics accelerators and 6th-generation EPYC processors.

🔹 HPE and Vultr: Vultr will deploy AMD Helios systems from HPE as part of a deal worth USD 12 billion.

🔹 Versal AI Core XQRVC1902: AMD unveiled a chip designed for space missions with a lifespan of up to 15 years.

🗣️ Comments from AMD leadership

💬 Demand for AI and server processors:

“Demand for our Instinct and EPYC products continues to strengthen. We expect growth to accelerate further in the fourth quarter as production ramps up for Helios systems and Venice processors.”

💬 Q4 outlook:

“Our fourth-quarter outlook reflects accelerating revenue and earnings growth, driven by strong demand across our data center product portfolio.”