AMD sees quarterly revenue above estimates on data-center growth
In short
AMD said its quarterly revenue should be above Wall Street estimates. The company also said its data-center revenue nearly doubled in the third quarter as AI demand grew.
That matters because it could help AMD win share from Intel and support chip stocks. The exact revenue forecast and other financial figures are not stated in the available reporting.
What the reporting says
AMD forecast quarterly revenue above estimates as its data-center business accelerated, according to an Economic Times ETtech summary. The report says third-quarter data-center revenue nearly doubled and that AI workload shifts are boosting demand for AMD chips. The immediate consequence is a stronger competitive position versus Intel, though the exact revenue guidance figure is not stated in the available reporting.
Why it matters
AMD forecast quarterly revenue above estimates as data-center growth accelerated, according to the summary. The report says third-quarter data-center revenue nearly doubled and that demand is rising as AI workloads move into real-world applications. It also says AMD has taken market share from Intel, which recently warned on revenue. The exact guidance number and full financial details are not stated.