AMD blowout earnings lifts AI hardware complex
AMD beat Q3 and guided Q4 to ~$17B, sending shares up 6-8% after hours alongside Arista (+18%) and Super Micro (+8%) on big AI-driven results. Caveats include a $1.1B warrant charge and weak gaming.
What we know
AMD reported revenue of $13.40B and adj. EPS of $2.09, with Data Center up 97%, and guided Q4 to ~$17B vs $16.23B expected. Kobeissi notes a ~$50B after-hours market cap add. Arista posted its fastest growth since its 2014 IPO and Super Micro guided FY27 revenue to $72-82B. Caveats: a $1.1B non-cash warrant charge and FCF shrinking to 4% of revenue. Traders like Cole aren't chasing the move.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.