AMD Forecasts 66% Q4 Sales Growth Driven by AI Chip Demand
Key Facts
AMD reported third-quarter adjusted earnings of $2.09 per share on sales of $13.38 billion. These results exceeded analyst expectations of $1.95 per share, according to reporting by The Motley Fool.
The company expects fourth-quarter sales of approximately $17 billion for 2026, representing a 66% growth rate. AMD's data center business now accounts for nearly two-thirds of total company revenue, driven by surging demand for AI-related chips.
Latest Updates · 4
- Notable·
Update: AMD established a fourth-quarter sales floor of $16.5 billion on November 3, 2026. This guidance surpasses Intel's projected revenue ceiling of $16 billion for the same period.
- Notable·
Update: AMD's data center revenue nearly doubled to reach $8.5 billion during the third quarter of 2026. This surge was driven by intense demand for the company's AI-specific processors.
- Notable·
Update: AMD expects an adjusted gross margin of 55% for the fourth quarter of 2026, slightly below the 55.5% estimated by analysts. Despite the margin outlook, AMD shares rose in after-hours trading on November 3, 2026, as broader optimism in the AI hardware sector was bolstered by Super Micro reporting a beat and raising its forward guidance.
- Notable·
Update: AMD's data center revenue jumped 97% year-over-year as of November 3, 2026. This surge was driven by an increasing focus on AI infrastructure and the implementation of large-scale rack solutions.