AMD Posts Record $13.4B Q3 Revenue, Guides Q4 to ~$17B (Up 66% Y/Y)
AMD has more than doubled off its 52-week low of $188.22.
Summary
AMD reported record Q3 2026 revenue of $13.4 billion, up 45% year-over-year, with Data Center revenue nearly doubling to $8.5 billion. It guided Q4 to roughly $17 billion, implying about 66% growth, and posted non-GAAP EPS of $2.09.
Key Events · Earnings and Guidance · AMD
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Record Q3 Revenue Beats Guidance
Revenue was $13,377 million, up 45% year-over-year from $9,246 million and above the high end of guidance; GAAP diluted EPS was $1.46 and non-GAAP EPS $2.09, up 74%.
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Data Center Revenue Nearly Doubles
Data Center segment revenue hit a record $8,546 million, up 97% year-over-year, with segment operating income of $2,882 million versus $1,074 million a year ago.
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Q4 Guidance Implies 66% Growth
AMD guided Q4 2026 revenue to approximately $17 billion, plus or minus 3%, representing about 66% year-over-year growth and a 27% sequential increase, with non-GAAP gross margin of about 55%.
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Warrant Remeasurement Hits GAAP Only
GAAP results include a $1,097 million non-cash change in fair value of customer warrant liability driven by AMD's stock price; it is excluded from non-GAAP net income of $3,471 million and involves no cash outflow or new share issuance.
Analysis · AMD · Manufacturing
AMD beat the high end of its own revenue guidance with a record $13.4 billion quarter, and the Data Center segment nearly doubled to $8.5 billion as Instinct MI450 GPUs and EPYC CPUs scaled. The bigger number is the Q4 guide: roughly $17 billion implies about 66% year-over-year growth, a sharp acceleration from Q3's 45%, which is the clearest evidence yet that the Helios rack-scale ramp is converting into revenue. Non-GAAP EPS of $2.09 rose 74% and non-GAAP gross margin held at 56%, so the growth is arriving with operating leverage rather than at the cost of margin. One item to read carefully: GAAP net income of $2.4 billion was reduced by a $1,097 million non-cash charge from remeasuring customer warrant liability, driven by the higher stock price. That is an accounting mark, not cash leaving the business and not new dilution; the non-GAAP $3.5 billion net income excludes it. Cash and short-term investments reached a record $15.8 billion against $7.1 billion of total debt, which includes the $4.75 billion senior notes completed in August.
How filings like this one have moved
In the 30 days to Nov 4, 2026, 41.4% of the 1217 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.35%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AMD was trading at $510.69 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $790B. The 52-week trading range was $188.22 to $658.52. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.