$AMD · Advanced Micro Devices, Inc.

AMD reported record third quarter 2026 financial results on November 3, 2026. Revenue reached $13.4 billion, up 45% year over year, with GAAP net income of $2.4 billion and diluted earnings per share of $1.46. Non-GAAP net income was $3.5 billion and non-GAAP diluted earnings per share was $2.09. The company highlighted record Data Center segment revenue of $8.5 billion, up 97% year over year, driven by strong sales of AMD Instinct GPUs and EPYC CPUs. Client and Gaming segment revenue was $3.7 billion, down 8%, while Embedded segment revenue rose 29% to $1.1 billion.

The company also announced agreements to acquire World Labs and Taalas, expanding its capabilities in model research and inference silicon. For the fourth quarter of 2026, AMD expects revenue of approximately $17 billion, plus or minus 3%, representing about 66% year-over-year growth, and non-GAAP gross margin of approximately 55%. Management stated that demand for Instinct and EPYC products continued to strengthen and that it expects growth to accelerate in the fourth quarter as production scales.