AMD reports record Q3 2026 results and raises Q4 revenue outlook

Advanced Micro Devices posted third‑quarter 2026 revenue of $13.38 billion, up 45% year‑over‑year, and adjusted earnings of $2.09 per share, both beating analyst forecasts. Data‑center sales surged about 97% YoY, driving the beat. The company forecast fourth‑quarter revenue of roughly $17 billion, plus or minus 3%, well above Wall Street expectations.

The earnings beat and higher‑than‑expected Q4 guidance suggest continued momentum in AMD’s AI‑driven data‑center business, which could support the stock price (the company expects). However, free‑cash‑flow fell 64% to $554 million, indicating tighter liquidity (the company reported).

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