Overview

* AMD Q3 2025 revenue grows 36% yr/yr, beating analysts' expectations

* Adjusted EPS for Q3 2025 beats analyst expectations

* Company's growth driven by demand for EPYC and Ryzen processors, and Instinct AI acclerators

Outlook

* AMD expects Q4 2025 revenue to be approximately $9.6 bln, plus or minus $300 mln

* AMD anticipates Q4 2025 non-GAAP gross margin of approximately 54.5%

* Outlook excludes revenue from AMD Instinct MI308 shipments to China

Result Drivers

* DATA CENTER GROWTH - Strong demand for 5th Gen EPYC processors and Instinct MI350 GPUs drove data center revenue up 22% yr/yr

* CLIENT AND GAMING SURGE - Record Ryzen processor sales and strong Radeon GPU demand boosted client and gaming revenue by 73% yr/yr

* AI INVESTMENTS - Continued investments in AI and high-performance computing are driving significant growth, per CFO Jean Hu

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $9.24 $8.74

Revenue bln bln (35

Analysts

)

Q3 Beat $1.20 $1.16

Adjusted (34

EPS Analysts

)

Q3 EPS $0.75

Q3 Beat $1.96 $1.89

Adjusted bln bln (27

Net Analysts

Income )

Q3 Net $1.24

Income bln

Q3 Gross 52%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 41 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for Advanced Micro Devices Inc ( AMD ) is $247.00, about 5.1% below its November 3 closing price of $259.65

* The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)