# AMD — AMD Reports Third Quarter 2026 Financial Results

- Company: AMD (amd.com)
- Announced: 2026-11-03T21:15:00+00:00
- Category: funding-company-news
- Coverage: 10 outlets
- Announcement: yes
- Group: covered
- Source: https://ir.amd.com/news-events/press-releases/detail/1303/amd-reports-third-quarter-2026-financial-results
- Record: https://forck.live/items/31241-amd-reports-third-quarter-2026-financial-results
- Subject: AMD Instinct / ROCm

AMD reported record third-quarter 2026 revenue of $13.4 billion, with Data Center segment sales nearly doubling year-over-year on demand for Instinct GPUs and EPYC CPUs. Revenue exceeded the high end of AMD's guidance, and non-GAAP earnings per share grew 74% to $2.09, which CFO Jean Hu said shows the operating leverage in the business model as Data Center drives scale. Data Center segment revenue was a record $8.5 billion, up 97% year-over-year, driven by EPYC processors and the launch of Instinct MI450 Series GPUs. Client and Gaming revenue fell 8% to $3.7 billion, as gaming dropped 40% on lower semi-custom and graphics revenue, while Embedded rose 29% to $1.1 billion. Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure are running models and workloads on the first AMD Helios rackscale solutions, powered by Instinct MI450 Series GPUs and 6th Gen EPYC CPUs. For the fourth quarter, AMD expects revenue of approximately $17 billion, plus or minus 3%, a midpoint representing about 66% year-over-year growth, with non-GAAP gross margin of approximately 55%.

## Evidence

Verbatim from https://ir.amd.com/news-events/press-releases/detail/1303/amd-reports-third-quarter-2026-financial-results:

> AMD delivers record quarter as Data Center segment revenue grows 97% year-over-year, driven by record sales of AMD Instinct GPUs and AMD EPYC CPUs
> 
> SANTA CLARA, Calif., Nov. 03, 2026 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced financial results for the third quarter of 2026. Third quarter revenue was $13.4 billion, gross margin was 54%, operating income was $2.8 billion, net income was $2.4 billion and diluted earnings per share was $1.46. On a non-GAAP (*) basis, gross margin was 56%, operating income was $3.9 billion, net income was $3.5 billion and diluted earnings per share was $2.09.
> 
> “We delivered a record quarter with revenue exceeding the high end of our guidance as Data Center segment sales nearly doubled year-over-year,” said Dr. Lisa Su, AMD chair and CEO. “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.”

## Around this story

Outlets this record can name and link:

- Wall Street Journal: https://wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-11-03-2026/card/amd-earnings-by-the-numbers-NelH4jko0d66pN9zvZPB
- Semafor — AMD beats estimates on near-doubling of data center revenues: https://semafor.com/article/11/03/2026/amd-beats-estimates-on-near-doubling-of-data-center-revenues
- Quartz: https://qz.com/amd-q3-earnings-data-center-revenue-doubled-110326
- Motley Fool — AMD Forecasts 66% Q4 Growth on AI Chip Demand: Rapid Earnings Reaction: https://fool.com/investing/2026/11/03/amd-forecasts-66-q4-growth-on-ai-chip-demand-rapid-earnings-reaction
- Thurrott — AMD Revenues Jump 45 Percent to $13.4 Billion: https://thurrott.com/a-i/343490/amd-revenues-jump-45-percent-to-13-4-billion
- Channel NewsAsia — AMD forecasts 2027 sales above estimates as data-center business booms: https://channelnewsasia.com/business/amd-forecasts-2027-sales-above-estimates-data-center-business-booms-6517996
- Investor's Business Daily — AMD Posts Beat-And-Raise Report On Record AI Data-Center Sales: https://investors.com/news/technology/amd-stock-q3-2026-earnings
- Proactive — AMD data center revenue nearly doubles as Q4 outlook beats expectations: https://proactiveinvestors.com/companies/news/1101178/amd-data-center-revenue-nearly-doubles-as-q4-outlook-beats-expectations-1101178.html
- Seoul Economic Daily — AMD Data Center Revenue Doubles, Shares Jump 8%: https://en.sedaily.com/international/2026/11/03/amd-data-center-revenue-doubles-shares-jump-8-percent

## Follow-ups

- The Wall Street Journal (reported, 3 Nov): AMD Beats Wall Street Expectations as it Pivots to Data-Center First Status — https://forck.live/items/31250-amd-beats-wall-street-expectations-as-it-pivots-to-data-center-first-status
- Bloomberg (reported, 3 Nov): AMD Forecast Exceeds Estimates After AI Chip Demand Soars — https://forck.live/items/31242-amd-forecast-exceeds-estimates-after-ai-chip-demand-soars

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