AMD Posts $2.09 Adjusted EPS for Third Quarter
AMD has more than doubled off its 52-week low of $188.22.
Summary
AMD reported third-quarter adjusted earnings of $2.09 per share, per Dow Jones Newswires, alongside net income of $2.4B and EPS of $1.46. Revenue came in at $13.4B, up 45% year over year, as data center sales doubled to $8.5B, and the results and guidance topped estimates on data center strength. The company guided fourth-quarter 2026 revenue to approximately $17 billion, plus or minus 3%, implying about 66% year-over-year growth, with non-GAAP gross margin of approximately 55%. The quarter lands after a run of major AI announcements — the Taalas and World Labs acquisitions, the Meta and OpenAI warrant grants, and the $5 billion Anthropic backing. The stock trades near $500 with a market value around $790 billion, well below the $1 trillion peak reached in late September, so this print is the first real test of whether the AI narrative is showing up in earnings.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — AMD guided fourth-quarter 2026 revenue to approximately $17 billion, plus or minus 3%, implying about 66% year-over-year growth, with non-GAAP gross margin of approximately 55%.
At the time of this announcement, AMD was trading at $500.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $790B. The 52-week trading range was $188.22 to $658.52. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.