AMD press release (AMD): Q3 Non-GAAP EPS of $1.20 beats by $0.03.
Revenue of $9.25B (+35.6% Y/Y) beats by $500M.
third quarter results did not include any revenue from shipments of AMD Instinct™ MI308 GPU products to China.
Data Center segment revenue was $4.3 billion, up 22% year-over-year primarily driven by strong demand for 5th Gen AMD EPYC™ processors and AMD Instinct MI350 Series GPUs.
Client and Gaming segment revenue was $4 billion, up 73% year-over-year. Client revenue was a record $2.8 billion, up 46% year-over-year primarily driven by record sales of Ryzen™ processors and a richer product mix. Gaming revenue was $1.3 billion, up 181% year-over-year driven by higher semi-custom revenue and strong demand for Radeon™ gaming GPUs.
Embedded segment revenue was $857 million, down 8% year-over-year.
For the fourth quarter of 2025, AMD expects revenue to be approximately $9.6 billion vs. $9.20B consensus, plus or minus $300 million. At the mid-point of the revenue range, this represents year-over-year growth of approximately 25% and sequential growth of approximately 4%. Non-GAAP gross margin is expected to be approximately 54.5%. Our current outlook does not include any revenue from AMD Instinct MI308 shipments to China.
