{
  "id": 18030449,
  "title": "AMD forecasts quarterly revenue above estimates as data-center revenue hits record",
  "url": "https://urgent.news/2026/11/03/amd-forecasts-quarterly-revenue-above-estimates-as-data-center",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T21:18:34.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/amd-forecasts-quarterly-revenue-above-estimates-data-center-revenue-hits-record-6517996"
  },
  "original_language": "en",
  "account": "On November 3, AMD projected ahead of expectations for 2027 growth as its data-center sales expanded rapidly, surpassing rivals and fueling a 8% increase in its shares during extended trading. The corporate forecast, paired with impressive third-quarter results, provided a compelling contrast to growing apprehensions that the AI boom may be waning, alleviating investors' concerns following Intel's disappointing outlook. Intel's shares climbed 2%, while Nvidia's stock surged over 1%, and Broadcom also rose by 1.2%.\n\nIn a conference call with analysts, AMD CEO Lisa Su announced the company anticipates overall revenue growth surpassing 80% in 2027, exceeding the 77% growth forecast by analysts according to LSEG data. Su highlighted that 80% of sales next year would originate from data-center chips, driving the majority of revenue and earnings growth. She explained that demand is strong across the data-center business, CPU business, and the data-center AI business, as the company has been preparing for this growth for several years.\n\nData-center revenue surged 97% to a record $8.55 billion in the third quarter, outpacing expectations of $8.20 billion. The company predicts fourth-quarter revenue of approximately $17 billion, within a range of plus or minus 3% above the analysts' average estimate of $16.23 billion. AMD's chips are poised to capitalize on the massive AI data-center buildout, according to portfolio manager Hendi Susanto at Gabelli Funds. The stock's resilience amid wider AI-related market pressure implies investors view AMD's results as evidence of its technological leadership and strong potential for market share expansion.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNBC Technology",
        "title": "AMD stock jumps 7% on earnings as data center revenue nearly doubles",
        "url": "https://urgent.news/2026/11/03/amd-stock-jumps-7-on-earnings-as-data-center-revenue-nearly-doubles-18023404",
        "published": "2026-11-03T21:20:14.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "AMD forecasts quarterly revenue above estimates as data-centre growth accelerates",
        "url": "https://urgent.news/2026/11/03/amd-forecasts-quarterly-revenue-above-estimates-as-data-centre-growth",
        "published": "2026-11-03T22:23:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}