AMD Stock Jumps 7% After Q3 Beat and an 80% Growth Target for 2027

TLDR AMD stock rose about 7% to $518 in premarket trading Wednesday after closing Tuesday at $483.90. Q3 earnings per share were $2.09 and revenue rose 45% to $13.4 billion, both above estimates. Data center sales grew 97% to $8.5 billion. AMD guided Q4 revenue to $17 billion, above the $16.3 billion analysts expected. Lisa Su said 2027 revenue should grow 80% or more. AMD stock jumped about 7% to $518 in premarket trading Wednesday after a third-quarter report that beat on both lines. It closed Tuesday at $483.90, up 3.65%. Advanced Micro Devices, Inc., AMD It had been a bumpy ride. The stock fell nearly 13% last week and dropped another 7.5% on Monday. Earnings per share came in at $2.09, ahead of the $1.95 to $1.97 analysts expected.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.