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Benzinga
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AMD Q3 Earnings: Revenue, EPS Top Estimates As AI Data Center Business Drives Growth

1. AMD's Q3 revenue reached $9.25 billion, exceeding estimates. 2. Adjusted earnings per share of $1.20 beat analysts' expectations. 3. Data Center revenue increased by 22% year-over-year to $4.3 billion. 4. Expectations for Q4 revenue are around $9.6 billion. 5. AMD stock was down 3.1% after hours, trading at $242.25.

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FAQ

Why Bullish?

AMD's strong earnings and revenue guidance suggest continued momentum, reminiscent of past growth phases where positive surprises led to stock rallies.

How important is it?

AMD's significant earnings beat and revenue growth are likely to generate investor interest in the short term.

Why Short Term?

The next quarter's performance and guidance, coming soon, can influence immediate market sentiment, similar to prior earnings releases.

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