AMD Posts Record $13.4 Billion Quarter as AI Data Center Chip Sales Nearly Double

AMD reported third-quarter 2026 financial results on November 3, posting record revenue of $13.4 billion, up 45% from the same period a year earlier and above the top end of the company's own guidance of roughly $13 billion.

The gains were driven largely by AMD's data center segment, which includes its Instinct AI accelerator chips and EPYC server processors. Revenue in that segment grew 97% year over year to a new high, as cloud computing companies kept expanding the infrastructure they use to train and run AI models.

On a GAAP basis, AMD reported a 54% gross margin, operating income of $2.8 billion, net income of $2.4 billion, and diluted earnings per share of $1.46. Non-GAAP diluted earnings per share, which excludes certain costs, came to $2.09.

Chief Executive Lisa Su said the company expects growth to accelerate further in the fourth quarter, pointing to the ramp-up of its next-generation Helios systems and "Venice" chips: "we expect growth to accelerate further in the fourth quarter as we scale Helios and 'Venice' production." Chief Financial Officer Jean Hu said the outlook reflects accelerating revenue and earnings growth driven by data center demand.

The results add to a string of strong earnings reports from chipmakers this year, as AMD, Nvidia and others compete for business from companies building out AI data centers. AMD has positioned its Instinct GPUs as an alternative to Nvidia's dominant AI chips and has struck supply agreements with large AI developers as part of that push.

The report comes as investors and analysts continue to debate how long the current pace of AI infrastructure spending can be sustained, with chipmaker earnings serving as one of the clearest public signals of that spending so far this year.