AMD reported third-quarter revenue of $13.4 billion, up 45% year-over-year and exceeding market expectations. GAAP net income reached $2.4 billion, a 95% increase from the prior year, while non-GAAP earnings per share came in at $2.09, up 74% year-over-year.
The data center segment drove the standout performance, hitting a record $8.5 billion in revenue, up 97% year-over-year. Client and gaming revenue declined 8% to $3.7 billion, while embedded revenue grew 29% to $1.1 billion. AMD guided fourth-quarter revenue to approximately $17 billion (±3%) with an expected non-GAAP gross margin of around 55%.
AMD Q3 Revenue Hits $13.4B as Data Center Segment Surges 97% Year-over-Year
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