AMD’s earnings report really gave the U.S. tech sector something to cheer about!
Third-quarter revenue was $13.38 billion, up 45% year over year and above market expectations.
Adjusted earnings per share came in at $2.09, versus expectations of just $1.95.
The standout was the data center business, with revenue of $8.55 billion, up 97% year over year—nearly doubling!
More importantly, AMD expects fourth-quarter revenue to reach $17 billion and full-year 2027 revenue to grow by more than 80%.
After the earnings report was released, AMD shares briefly surged about 8% in after-hours trading.
The market had been worried about an AI bubble, but AMD is letting its results do the talking.
Is there real demand for AI? At least based on AMD’s earnings report, the answer is already clear.
$AMD.US $AVGO $GOOGL
Third-quarter revenue was $13.38 billion, up 45% year over year and above market expectations.
Adjusted earnings per share came in at $2.09, versus expectations of just $1.95.
The standout was the data center business, with revenue of $8.55 billion, up 97% year over year—nearly doubling!
More importantly, AMD expects fourth-quarter revenue to reach $17 billion and full-year 2027 revenue to grow by more than 80%.
After the earnings report was released, AMD shares briefly surged about 8% in after-hours trading.
The market had been worried about an AI bubble, but AMD is letting its results do the talking.
Is there real demand for AI? At least based on AMD’s earnings report, the answer is already clear.
$AMD.US $AVGO $GOOGL
