From SiliconANGLE · Mike Wheatley · · 1m 20s
AMD Beats Expectations with AI Data Center Growth
AMD's data center revenue doubles as agentic AI boosts chip demand.
In brief
AMD's data center revenue doubles as agentic AI boosts chip demand. AMD's data center revenue grew 45% year-over-year to $13.38 billion, with AI-driven demand accelerating. Originally reported by SiliconANGLE.
AMD Earnings Report
AMD's shares rose over 5% after delivering solid third-quarter earnings and revenue.
Earnings Beat
AMD reported earnings before certain costs of $2.09 per share, beating Wall Street's forecast of $1.95.
Revenue Growth
Revenue jumped 45% year-over-year to $13.38 billion, exceeding the $13.09 billion analyst estimate.
Data Center Surge
Data center sales accounted for 64% of AMD's revenue, up from 47% a year ago.
Agentic AI Boost
Agentic AI applications like Meta's Muse are driving demand for AMD's CPUs over Nvidia's GPUs.
Future Projections
AMD expects server revenue to double year-over-year in fiscal 2027 with AI growth accelerating.
Helios Systems
AMD's Helios rack-scale systems are adopted by Meta, Microsoft, Oracle, and Anthropic.
Meta Investment
Meta deployed AMD's first Helion racks after AMD invested $1 billion in its equity offering.
Anthropic Investment
AMD committed $5 billion to Anthropic ahead of its upcoming IPO.
Supply Chain Confidence
AMD secured supply chain partners in Taiwan to support increased production next year.
Investor Reassurance
eMarketer analyst Jacob Bourne sees AMD's results as a test of AI industry performance.
At a glance
AMD's data center revenue grew 45% year-over-year to $13.38 billion, with AI-driven demand accelerating.
