Explore the latest developments concerning AMD’s record quarter:.
AMD is a 'data center first' company, says CEO Lisa Su
AMD (AMD) CEO Lisa Su sits down with Yahoo Finance's Executive Editor Brian Sozzi to discuss rapid AI adoption driving massive data center demand, address Wall Street's short-term skepticism over hyperscaler spending, and explain why sustained investments in computing power are essential for long-term growth.
You've come out a couple times this year with some really like a really strong outlook. And you know, on the third quarter earnings call, this was no no like no exception. I mean, strong outlook, you're highlighting strong demand for for data centers. Like what is surprising you in terms of demand? Because of course, you know, the CEO sits with the CFO and the team and they, you know, work out an outlook and they plan and they scenario plan. Something is surprising to the upside in a big way for a company like AMD. What is it?
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AMD's data center revenue nearly doubles in Q3 and CEO Su expects growth to accelerate
Advanced Micro Devices reported third-quarter earnings on Tuesday that beat Wall Street's expectations, with revenue jumping 45% and data center sales nearly doubling from a year earlier. The stock was up 8% in extended trading, but later pared those gains as election results came in.
Here's how the chipmaker did versus LSEG consensus estimates for the quarter:
Revenue increased from $9.25 billion a year earlier, AMD said in a statement. Neoclouds like CoreWeave and Nebius rallied earlier Tuesday and remained higher after AMD reported results.
CEO Lisa Su said on the earnings call that she expects server revenue to double year over year in 2027 and data center AI growth to accelerate even faster than the company had projected 90 days ago. The company expects data center to drive the majority of its revenue and earnings growth.
For more detailed information, explore updates concerning AMD’s record quarter:.
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