AMD · Earnings call · 2026Q3T · Full report

Guidance and Outlook

ADVANCED MICRO DEVICES INC · 2026-11-03 · Importance 100 · Surprise 100

AMD expects fourth-quarter 2026 revenue of approximately $17 billion, plus or minus 3%, representing approximately 66% year-over-year growth, driven primarily by acceleration in Data Center. Management now expects company revenue to grow more than 80% in 2027, with Data Center the largest contributor and more than 80% of total revenue. For 2027, server revenue is expected to approximately double and Data Center AI revenue to grow significantly more than double; Embedded growth is also expected to accelerate. Management expects operating expenses to grow less than half as fast as revenue, supporting significant operating-margin expansion, while acknowledging that quarterly gross margins may vary with the mix of Data Center AI and server revenue.