AMD reported record financial results for the third quarter of 2026, surpassing Wall Street expectations with revenue reaching $13.4 billion. This represents a 45% increase compared to the same period last year.

The company's net income rose 95% annually to $2.4 billion, while adjusted net income reached $3.5 billion, up 77%. Earnings per share were $1.46 on a diluted basis and $2.09 when adjusted for certain accounting effects.

The primary driver of this performance was the data center division, which generated a record $8.5 billion in revenue. This figure reflects a 97% year-over-year growth. AMD attributed this expansion to strong demand for EPYC processors and the launch of Instinct MI450 GPUs, alongside advancing sales of artificial intelligence accelerators.

In contrast, the combined client and games segments posted $3.7 billion in revenue, down 8% from the previous year. While the PC business grew 7% to $2.9 billion due to Ryzen notebook processor sales, the gaming division fell 40% to $773 million. AMD cited reduced revenues from semi-custom chips and graphics products as the cause for the gaming decline.

The embedded systems segment also showed strength, growing 29% to $1.1 billion, supported by aerospace, defense, automotive, and industrial markets.

Looking ahead, AMD forecasts fourth-quarter revenue of approximately $17 billion, implying a 66% increase over the same quarter in 2025. CEO Lisa Su stated that demand for Instinct and EPYC products remains robust and that production is expanding for Helios and Venice platforms.