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AMD stock jumps 7% on earnings as data center revenue nearly doubles

Advanced Micro Devices shares advanced 7% in extended trading after reporting third-quarter financial results that topped Wall Street expectations. The stock surge followed a period where chip stocks experienced a steep selloff. Strong performance was propelled by surging artificial intelligence chip demand and a pivot to a data-center-first status. Data center sales climbed 97%, nearly doubling from the previous year. Additionally, the company provided a fourth-quarter sales forecast that beat analyst estimates, demonstrating continued robust corporate investment in data center infrastructure despite broader market turbulence.

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  • ✓ Advanced Micro Devices shares jumped 7% in extended trading following its earnings report.
  • ✓ Third-quarter revenue grew 45% compared to the previous year.
  • ✓ Data center revenue climbed 97%, nearly doubling from a year earlier.
  • ✓ The company issued a fourth-quarter sales forecast that topped Wall Street expectations.
🛡️ Source Corroboration: 13 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Advanced Micro Devices reported third-quarter results featuring a 97% surge in data center revenue alongside a fourth-quarter sales outlook that surpassed Wall Street estimates.

Live updates

  1. AMD Shares Jump 7% as Data Center Revenue Nears Double

    Advanced Micro Devices shares advanced 7% in extended trading after reporting third-quarter financial results that topped Wall Street expectations. The stock surge followed a period where chip stocks experienced a steep selloff. Strong performance was propelled by surging artificial intelligence chip demand and a pivot to a data-center-first status. Data center sales climbed 97%, nearly doubling from the previous year. Additionally, the company provided a fourth-quarter sales forecast that beat analyst estimates, demonstrating continued robust corporate investment in data center infrastructure despite broader market turbulence.

    Why it matters

    The earnings beat and subsequent stock jump follow a volatile period for chip equities that saw steep selloffs across the semiconductor sector. Advanced Micro Devices has successfully positioned itself to capture surging corporate demand for artificial intelligence hardware, competing directly in the high-stakes data center market. The latest financial disclosures show that this strategic pivot is yielding substantial top-line growth.

    What is confirmed

    • Advanced Micro Devices shares jumped 7% in extended trading following its earnings report.
    • Third-quarter revenue grew 45% compared to the previous year.
    • Data center revenue climbed 97%, nearly doubling from a year earlier.
    • The company issued a fourth-quarter sales forecast that topped Wall Street expectations.

    Still unconfirmed

    • Concerns exist regarding a working capital trap and a 320 million share customer dilution warrant hidden behind the revenue growth.

    What to watch next

    • Monitor actual fourth-quarter financial performance against the raised sales forecast
    • Track sustained corporate spending levels on artificial intelligence hardware and data center infrastructure through 2027
    Sources used for this update (17)
    1. 247wallst.com — 24/7 Wall St. - Insightful Analysis and Commentary for U.S. and Global ...
    2. www.themarketreporter.co.uk — The Market Wire
    3. digg.com — Microsoft, Alphabet and 14 others object to OKXICE’s tokenized-stock plans · Digg
    4. Yahoo Finance — AMD to report Q3 results as chip stocks rebound following last week's steep selloff
    5. CNBC — AMD has been crushed into earnings. Here’s one way to trade it
    6. CNBC — AMD stock jumps 7% on earnings as data center revenue nearly doubles
    7. Bloomberg.com — AMD Sales Forecast Tops Estimates on Soaring AI Chip Demand
    8. 24/7 Wall St. — AMD Advances 5%, Intel Rises 4%, Marvell Gains 2% as Chip Stocks Bounce Ahead of AMD Earnings
    9. WSJ — AMD Beats Wall Street Expectations as it Pivots to Data-Center First Status
    10. Yahoo Finance — AMD stock rises after Q3 earnings beat, as data center revenue climbs 97%
    11. MarketWatch — AMD’s stock jumps after earnings. Here’s what investors need to know.
    12. note.com — AMD (NASDAQ: AMD) Q3 2026 Earnings Forensic & Valuation Full Dissection Report
    confidence 95%
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