AMD Stock Jumps 10% as Company Forecasts 80% Revenue Growth by 2027
Key Facts
AMD reported third-quarter revenue of $13.38 billion, while management forecasted overall revenue growth of over 80% in 2027. Following the announcement, AMD stock jumped 10% to reach $530 in after-hours trading on November 3, 2026.
The company expects data center revenue to exceed 80% of total revenue by 2027, following segment operating income margins of 33.7%. GlobeNewswire reported that these figures follow a 97% year-over-year growth in Data Center revenue driven by record sales of AMD Instinct GPUs and AMD EPYC CPUs, bringing adjusted earnings per share to $2.09.
Latest Updates · 3
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Update: AMD issued its revenue outlook for the fourth quarter of 2026, with the company projecting a range between $16.49 billion and $17.51 billion.
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Update: AMD forecasted quarterly revenue above market estimates on November 3, 2026. The company expects this outperformance to be driven by accelerating growth within its AI-focused data center segment.
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Update: The deal AMD struck with OpenAI last year weighed on the company's net income during the third quarter of 2026. Despite the record revenue growth, this partnership impacted the bottom-line profitability for the period.