🚀 AMD Jumps Pre-Market After Record Data Center Quarter & $17B Guide
After Tuesday's close, $AMD reported Q3 revenue of $13.38B (+45% YoY) vs ~$13.09B expected, with adjusted EPS of $2.09 vs ~$1.95. Data Center revenue hit a record $8.55B, up 97% YoY.
The Q4 revenue guide of ~$17B (±3%) beat the ~$16.23B consensus, and management sees 2027 revenue growth above 80%.
Shares closed Tuesday's session up 3.65% at $483.90, then rose about 6% in Wednesday's pre-market trading. US futures are higher as markets digest the midterm results, and October ADP private payrolls came in at +86K, slightly above expectations.
Why it matters:
• AI data center revenue now makes up over 60% of AMD's sales
• A guide this far above consensus supports the AI capex trade for $NVDA and $SMCI
• Risks: tight HBM memory supply and an expected double-digit drop in PC shipments
What to watch next:
• US open: 9:30 ET / 17:30 Istanbul
• ISM Services PMI: 10:00 ET / 18:00 Istanbul (54.7 expected)
• $QCOM and $ARM earnings after the close (~16:00 ET / ~00:00 Istanbul)
Not financial advice.
#AMD #AIStocks #Earnings #Semiconductors #StockMarket
After Tuesday's close, $AMD reported Q3 revenue of $13.38B (+45% YoY) vs ~$13.09B expected, with adjusted EPS of $2.09 vs ~$1.95. Data Center revenue hit a record $8.55B, up 97% YoY.
The Q4 revenue guide of ~$17B (±3%) beat the ~$16.23B consensus, and management sees 2027 revenue growth above 80%.
Shares closed Tuesday's session up 3.65% at $483.90, then rose about 6% in Wednesday's pre-market trading. US futures are higher as markets digest the midterm results, and October ADP private payrolls came in at +86K, slightly above expectations.
Why it matters:
• AI data center revenue now makes up over 60% of AMD's sales
• A guide this far above consensus supports the AI capex trade for $NVDA and $SMCI
• Risks: tight HBM memory supply and an expected double-digit drop in PC shipments
What to watch next:
• US open: 9:30 ET / 17:30 Istanbul
• ISM Services PMI: 10:00 ET / 18:00 Istanbul (54.7 expected)
• $QCOM and $ARM earnings after the close (~16:00 ET / ~00:00 Istanbul)
Not financial advice.
#AMD #AIStocks #Earnings #Semiconductors #StockMarket