AMD forecasts fourth-quarter revenue above estimates

AMD announced its third-quarter 2026 financial results and forecast fourth-quarter revenue of about $17 billion, with a range of plus or minus 3%.[1] The midpoint is above the $16.3 billion average analyst estimate reported by Bloomberg.[2] AMD said that midpoint represents about 66% year-over-year growth and a 27% sequential increase.[1] The company expects a fourth-quarter non-GAAP gross margin of about 55%.[1] These figures give business planners a revenue and margin outlook to weigh against their own expectations, while the stated range leaves room for variation.

AMD reported third-quarter revenue of $13.4 billion.[1] Its Data Center segment posted a record $8.5 billion, up 97% year over year, and accounted for 64% of total company revenue, compared with 47% a year earlier.[1][3] AMD attributed the segment’s growth to strong demand for EPYC processors and the launch of Instinct MI450 Series GPUs.[1] The company said demand for Instinct and EPYC continued to strengthen and that it expected fourth-quarter growth to accelerate as it scaled Helios and Venice production.[1] That mix makes the company’s data-center outlook a central consideration for teams assessing its growth plans.

AMD’s combined Client and Gaming segment generated $3.7 billion in third-quarter revenue, down 8% year over year.[1] The gaming business contributed $773 million, down 40%, while Embedded revenue was $1.1 billion, up 29%.[1] The contrast shows that the company’s reported growth was not uniform across its businesses. AMD also reported adjusted third-quarter earnings per share of $2.09, above the $1.95 expected, and revenue of $13.38 billion, above the $13.09 billion expected.[3]

AMD said Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure were running models and workloads on its first Helios rack-scale systems.[1] Helios competes directly with Nvidia’s Grace Blackwell and Vera Rubin systems, according to CNBC.[3] AMD shares rose about 7% in late trading after the forecast was reported, while CNBC reported an 8% rise in extended trading after the earnings report.[2][3] A portfolio manager told Bloomberg that AMD needed a significant results beat alongside a significant outlook to meet investor expectations.[4] The different share-change figures are from separate reports.