AMD’s Record $13.4 Billion Quarter Lifts Operating Profit 123%

AMD reported its third-quarter results on November 3, 2026, posting record revenue of $13.4 billion as Data Center sales rose 97%. The results for the quarter ended September 26, 2026, showed revenue growth of 45% from $9.2 billion a year earlier. GAAP gross margin widened to 54% from 52%, while operating income rose 123% to $2.8 billion and operating margin reached 21%, up from 14%. Operating expenses increased 25% to $4.4 billion, considerably slower than revenue, allowing more of the additional sales to reach operating profit.

GAAP net income rose 95% to $2.4 billion, and diluted earnings per share increased 95% to $1.46 from $0.75. AMD’s non-GAAP diluted earnings per share, a company-defined measure excluding items including stock-based compensation and acquisition-related intangible amortization, rose 74% to $2.09. Data Center revenue reached $8.5 billion, up from $4.3 billion a year earlier. AMD attributed the increase to strong demand for EPYC processors and the launch of Instinct MI450 Series GPUs.

The segment’s operating income rose to $2.9 billion from $1.1 billion, connecting the…