Meanwhile, the client segment, catering to the PC market, experienced a substantial 42% growth, achieving $1.5 billion in sales, signaling a revival in demand.
In terms of revenue segments, the data center business remained relatively steady at $1.6 billion during the third quarter. The company reported adjusted profits of 70 cents per share, exceeding analyst expectations of 68 cents per share according to LSEG data. AMD’s adjusted gross margin is projected to be 51.5%, slightly below market estimates of 52.1%.ĪMD’s adjusted revenue increased by 4% to reach $5.8 billion in the third quarter, surpassing earlier estimates of $5.7 billion. However, analysts polled by LSEG anticipate revenue to reach $6.37 billion, highlighting the company’s ongoing challenges. In its financial guidance for the current quarter, AMD forecasts revenue of around $6.1 billion, with a potential variance of $300 million.
