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The Marked Chart Wire · Business
AMD
Advanced Micro Devices reported third quarter revenue of $13.4 billion, a 45 percent increase from the same period last year.
Part of a series: AMD navigates supply tightness and posts record quarter
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AMD
Bank of America reduced its price target for Advanced Micro Devices to $650 from the previous estimate of $720.
HotAMD Earnings
The chipmaker outlined $48.8B in binding AI infrastructure deals and forecast Q4 sales of $17B. Client segment revenue increased 7% to $2.95B, while gaming sales dropped 40% to $773M.
AMD
Advanced Micro Devices booked a $1 billion quarterly expense related to warrants issued to OpenAI and Meta.
AMD
AMD stock rose nearly 9 percent after hours as third-quarter revenue hit $13.38 billion and data center sales grew 97 percent. The company guided fourth-quarter revenue to about $17 billion, beating expectations.
Earnings
Advanced Micro Devices and Arista Networks posted significant revenue growth and raised their outlooks, driving stock gains in after-hours trading. AMD's data center sales nearly doubled, while Arista's revenue surged 58.5 percent.
AMD Earnings
AMD reported adjusted earnings of $2.09 per share against a $1.95 estimate and revenue of $13.38 billion. The company guided for fourth-quarter revenue of $17 billion, exceeding the $16.23 billion consensus.
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