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AMD expects to outsell Intel for the first time after a record quarter

AMD reported record Q3 revenue of $13.4B, up 45%, and forecasts Q4 revenue of $17B, potentially outselling Intel for the first time. Data center revenue surged 97% to $8.5B, while gaming revenue fell 40%. AMD's shares rose 8% after hours. According to AMD, major tech firms are using its AI chips, and it expects significant growth in 2024.

Original reporting
thenextweb.com
Published Nov 5, 2026, 12:54 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 5, 2026, 1:23 PM UTC. Informational, not investment advice.
How this was made
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AMD expects to outsell Intel for the first time after a record quarter — source image
Source · thenextweb.com
Decision brief

The 30-second read

$AMDBullishHigh
01

Why it matters

The guidance beat consensus, prompting an 8% after‑hours rally and setting a new competitive benchmark against Intel.

02

Market read

AMD's earnings and guidance have immediate price impact and broader implications for the AI‑chip and data‑center market.

03

What to watch

Rising capital expenditures and narrowing gross margin could temper upside despite strong revenue.

Relevance 8/10Novelty 8/10Timing: after‑hours today

Background

AMD posted a record quarter, nearly doubling data‑center revenue while gaming fell sharply, and raised its full‑year outlook above Intel's range.

Company-level read

Ticker impact

$AMDBullishHigh confidence
Context

AMD reported record Q3 results with $13.4B revenue and raised Q4 guidance to $16.5-$17.5B, aiming to outsell Intel for the first time.

Expected impact

upward pressure as the market prices in the strong guidance and record data‑center revenue

Evidence & confidence

Guidance exceeds analyst expectations and beats Intel's forecast, prompting an 8% after‑hours rally.

Market effects

Sector

Data‑center growth reinforces bullish outlook for the semiconductor sector and related AI hardware stocks.

Regional

U.S. equity markets likely see a lift in tech indices as AMD rallies.

Global

AMD's AI‑chip momentum may influence global chip supply dynamics and competitive positioning versus Intel.

Counterpoint

What could challenge this read

Investors may be wary of AMD's 40% gaming decline, inventory buildup, and sharply falling free cash flow.

Key entities

  • Executive
    Lisa Su

    AMD CEO who highlighted the data‑center growth and future outlook.

  • Competitor
    Intel

    Benchmark for AMD's revenue comparison.

Read at source← All news

StoryAMD posts record Q3 2026 results and lifts Q4 revenue outlook to $17 billion

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