AI news / November 4, 2026
AMD's data center revenue nearly doubles on AI demand
AMD reported $13.38 billion in third-quarter revenue and guided to about $17 billion for the fourth quarter.
AMD reported third-quarter revenue of $13.38 billion, up 45% from a year earlier. Data center revenue reached $8.5 billion, up 97%. Adjusted earnings were $2.09 per share.
The company guided to fourth-quarter revenue of about $17 billion, and CEO Lisa Su said she expects server revenue to double in 2027.
Why it matters
The results show that demand for AI computing remains strong beyond Nvidia. They also show how much of the AI boom still comes down to chips and the data centers that house them.