AMD Reports 45% Revenue Growth, Forecasts $17 Billion Quarter

Advanced Micro Devices reported third-quarter 2026 revenue of $13.38 billion, up 45% from a year earlier, as sales in its data-center business nearly doubled. The company forecast fourth-quarter revenue of about $17 billion, a level that would exceed Intel’s guidance if both companies meet their projections. AMD’s adjusted earnings were $2.09 a share, above the $1.95 average estimate cited by analysts. Data-center revenue rose 97% to $8.55 billion, accounting for about 64% of the company’s total. AMD attributed the growth to demand for its server processors and artificial-intelligence products. Chief Executive Lisa Su said AMD expects total revenue to grow more than 80% in 2027. Chief Financial Officer Jean Hu said the data-center business could make up more than 80% of revenue that year. Those figures are company forecasts, not reported results. Su also said demand for processors is rising as AI agents run tasks across applications and computer systems. For the fourth quarter, AMD forecast revenue of approximately $17 billion, plus or minus 3%. Intel has forecast revenue between $15 billion and $16 billion for the same period. The comparison is prospective: AMD would record...