Key TakeawaysAMD beat third-quarter estimates as data center revenue climbed 97% to $8. 5 billion, and it guided to about $17 billion of fourth-quarter revenue.

Advanced Micro Devices ($AMD) reported upbeat Q3 2026 results and issued a solid outlook for FY27, driven by AI-led demand for its server CPUs and AI GPUs.

Analysts focused on AMD’s data center business, which nearly doubled year-over-year revenue to $8.5 billion and now accounts for 64% of total sales.

AMD just reported a quarter that sent shockwaves through premarket trading, but whether one blowout earnings report can rebuild confidence across the entire AI trade is a question the rest of the day still has to answer.

Shares of AMD rose 3.6% on Tuesday ahead of its third quarter earnings report that's expected to be released at 4:15 p.m. Eastern time. The chip maker's earnings call is expected to follow at 5 p.m. Eastern time.

There are far better options out there than AMD right now. If you were smart enough to get into AMD stock before it took off earlier this year, it's time to exercise some self-control, take gains, and move on to the next candidate.

AMD stock gains 4% as the chipmaker invests $1 billion in Meta's offering. AMD and Meta expand their partnership across AI chips and infrastructure. GF Securities raises AMD's price target to $720 ahead of earnings.

The chipmaker reported record third-quarter revenue of nearly $13.4 billion, beating expectations for $13.09 billion.