AMD set to report Q3 results as AI hopes collide with a chip selloff

Wall Street expects strong data center growth, but AMD shares enter earnings nearly 30% below their recent all-time high Advanced Micro Devices reports third-quarter results after the closing bell on Tuesday, November 3. The stock is arriving the way a marathoner shows up at mile 25: technically still running, visibly wobbling. Shares dropped nearly 11% on Friday and kept sliding Monday. AMD itself put out no news. The pressure came from a broader retreat across chip stocks. The result is a stock sitting nearly 30% below the all-time high it set less than a month ago. What Wall Street expects The numbers analysts are penciling in are not modest. Consensus calls for revenue of around $13.1 billion. That would mark a 42% jump from the $9.25 billion AMD posted a year earlier. Profit expectations are climbing even faster. Analysts project adjusted earnings per share of about $1.95, up 62% from $1.20 in the third quarter of 2025. The engine behind those projections is the Data Center segment. Estimates put that unit’s revenue between $8.2 billion and $8.3 billion for the quarter. Two product lines carry most of that weight. EPYC is AMD’s family of server processors, the general-purpose ...