AMD Faces Elevated Expectations and Guidance Focus Ahead of Q3 Earnings

Advanced Micro Devices heads into its third-quarter earnings report with investor focus centered on forward guidance, AI delivery execution, and supply chain capacity. Analysts project quarterly earnings per share of $1.94, up 61.7% year-over-year, on projected revenue between $13.09 billion and $13.12 billion. Data Center sales are expected to surge 90.6% to $8.27 billion, representing approximately two-thirds of total revenue. AMD shares have risen more than 135% year-to-date, driven by expanding AI server demand and major partnership commitments, including deals with Meta, OpenAI, and Anthropic.