AMD Q3 Earnings: Revenue Beat, EPS In Line, Data Center Up 122%, 'Significant' Growth Opportunities Ahead Driven By 'Insatiable' Demand

Quick Summary:

Q3 Earnings: AMD reported third-quarter revenue of $6.8 billion, beating analyst estimates of $6.71 billion.

Total revenue was up 18% year-over-year, led by Data Center revenue of $3.5 billion, up 122% year-over-year.

Gaming revenue fell 69% year-over-year to $462 million and Embedded revenue declined 25% year-over-year to $927 million....

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: AI AMD US0079031078 Movers Why it's moving Guidance Tech Earnings Benzinga After-Hours Center Chipmakers News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 20:40:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23331595

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