From Financial Modeling Prep: 2024-10-29 20:45:00

Advanced Micro Devices (NASDAQ:AMD) met Q3 earnings expectations, but shares dropped over 7% in after-hours trading due to lower Q4 revenue outlook. Q3 saw $0.92 adjusted EPS and $6.82 billion revenue, up 22% YoY. Strong sales of data center and PC products drove growth. Q4 revenue guidance of $7.5 billion missed estimates.

Data Center revenue doubled YoY to $3.5 billion, Client segment rose 29% to $1.9 billion, but Gaming segment revenue fell 69% to $462 million. Despite strong overall performance in Q3, AMD’s lower-than-expected Q4 revenue guidance led to a decline in share price.



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