AMD Q3 Earnings: Revenue Beat, EPS In Line, Data Center Up 122%, 'Significant' Growth Opportunities Ahead Driven By 'Insatiable' Demand
Portfolio Pulse from Adam Eckert
AMD reported Q3 revenue of $6.8 billion, beating estimates, with EPS in line. Data Center revenue surged 122% year-over-year. Despite a decline in gaming and embedded revenue, AMD sees significant growth opportunities driven by high demand for compute. Shares fell 6.61% after-hours.
October 29, 2024 | 8:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AMD's Q3 revenue beat estimates, driven by a 122% increase in Data Center revenue. However, gaming and embedded revenue declined. Despite positive growth outlook, shares fell 6.61% after-hours.
AMD's strong Q3 revenue, particularly in Data Center, was overshadowed by declines in gaming and embedded segments. Despite a positive growth outlook, the market reacted negatively, leading to a 6.61% drop in share price after-hours.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100