AMD took in $13.4 billion in the third quarter, a company record and 45% more than a year earlier, and told investors to expect about $17 billion in the current quarter. The chipmaker released its results after the market closed Tuesday and filed them with the Securities and Exchange Commission the same day.
AMD beat its own forecast. In August, the company had guided to about $13 billion, give or take $300 million, and the actual figure of $13.377 billion landed above the top of that range.
Profit grew faster than sales. Net income was $2.4 billion, or $1.46 a share, up from $1.24 billion a year ago. On the adjusted basis AMD prefers, which excludes items such as stock-based pay, earnings came to $2.09 a share, up 74%.
Where the money came from
Almost two-thirds of the revenue came from the Data Center segment, which sells the server processors and accelerator chips that run AI systems. It brought in a record $8.5 billion, up 97% from a year earlier, and AMD credited demand for its EPYC server processors along with the launch of its Instinct MI450 Series GPUs.
AMD's release names Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure as customers already running workloads on its first Helios rack systems, which pair MI450 GPUs with sixth-generation EPYC processors. During the quarter it also agreed to buy World Labs, a model research company, and Taalas, which designs inference chips.
Embedded chips, the kind built into cars and factory equipment, rose 29% to $1.1 billion.
Client and Gaming fell 8% to $3.7 billion, even though PC processor sales inside that segment grew 7% to $2.9 billion on Ryzen mobile chips. Gaming dragged it down. Its revenue dropped 40% to $773 million, which AMD put down to lower sales of graphics cards and of semi-custom chips, the processors it designs for other companies' devices. In the April-to-June quarter, gaming had already fallen 31%, to $779 million.
What AMD expects next
For October through December, AMD forecast revenue of about $17 billion, plus or minus 3%, or roughly $16.5 billion to $17.5 billion. At the midpoint it would be 27% more than the quarter just reported and about 66% more than the same quarter of 2025, with an adjusted gross margin of about 55%, a point below the third quarter's 56%.
Chief executive Lisa Su said the company expects growth "to accelerate further in the fourth quarter as we scale Helios and 'Venice' production."
AMD scheduled a call with analysts for 2 p.m. Pacific on Tuesday, with a real-time audio webcast on the investor relations page of its website. The outlook is a forecast. AMD's release lists the risks that could make actual results differ.
