AMD CEO Lisa Su speaks astatine a Senate Commerce, Science, and Transportation Committee proceeding successful Washington connected May 8, 2025. The leaders of immoderate of the biggest exertion and artificial quality companies volition spell to Congress connected Thursday with a privation database of sorts that astatine its apical has doing distant with regularisation they accidental inhibits their firms' maturation and by default, sends concern to China.
Nathan Howard | Bloomberg | Getty Images
Advanced Micro Devices reported fiscal third-quarter results that exceeded Wall Street expectations, but gave borderline guidance was inline with estimates. The banal slipped successful extended trading.
Here's however the institution did successful examination with LSEG consensus:
- Earnings per share: $1.20 adjusted vs. $1.16 expected
- Revenue: $9.25 cardinal vs. $8.74 cardinal expected
Revenue accrued 36% from a twelvemonth earlier successful the fiscal 3rd quarter, which ended connected Sept. 27, according to a statement.
Net income climbed to $1.24 billion, oregon 75 cents per share, from $771 million, oregon 47 cents per share, a twelvemonth earlier.
For the 4th quarter, AMD expects astir $9.6 cardinal successful revenue, implying 25% growth. That's supra LSEG's $9.15 cardinal consensus. AMD sees an adjusted gross borderline of 54.5% for the quarter, gathering StreetAccount's statement of 54.5%.
AMD, which is trying to support gait with Nvidia successful the marketplace for artificial quality processors, said the guidance does not see gross from shipments of its Instinct MI308 chips to China. Executives said the aforesaid happening last quarter.
As of Tuesday's close, AMD shares were up 107% truthful acold this year, portion the Nasdaq is up 21%.
AMD reached a woody with OpenAI past period that could spot the AI startup institution instrumentality a 10% involvement successful the chipmaker. OpenAI volition deploy 6 gigawatts of AMD's Instinct graphics processing units implicit aggregate years and crossed aggregate generations of hardware, the companies said, opening with an archetypal 1-gigawatt rollout of chips successful the 2nd fractional of adjacent year.
For years OpenAI and different companies relied connected graphics chips from Nvidia for moving large-scale AI models.
Also successful October, Oracle announced plans to deploy 50,000 AMD Instinct MI450 AI chips successful its unreality starting adjacent year.
AMD's information halfway business, which includes modular cardinal processing units and GPUs for AI, generated $4.34 cardinal successful fiscal third-quarter revenue, up 22%. Analysts polled by StreetAccount were looking for $4.13 billion.
Client gross reached $2.75 billion, which was up 46% and much than StreetAccount's $2.61 cardinal consensus. Revenue from gaming totaled $1.30 billion, up 181%. StreetAccount's statement was $1.05 billion.
Amazon, a cardinal unreality lawsuit for AMD, disclosed successful a Tuesday filing that it had sold each 822,234 of its AMD shares arsenic of Sept. 30. Amazon built the presumption sometime successful the archetypal quarter.
Executives volition sermon the results with analysts connected a league telephone starting astatine 5 p.m. ET.
This is developing news. Please cheque backmost for updates.
WATCH: AMD CEO connected caller $1 cardinal AI supercomputer concern with the Department of Energy
English (US) ·