Live Nasdaq Composite: Tech Stock Strength Buoys Market Sentiment Despite Hawkish Fed
Q3 25 EPS
$1.20
BEAT +2.37%
Est. $1.17
Q3 25 Revenue
$9.25B
BEAT +5.66%
Est. $8.75B
vs S&P Since Q3 25
+112.7%
BEATING MARKET
AMD +122.8% vs S&P +10.1%
Market Reaction
Did AMD Beat Earnings? Q3 2025 Results
Advanced Micro Devices delivered a strong third quarter, posting revenue of $9.25 billion, up 35.6% year-over-year and well ahead of the $8.75 billion consensus estimate, while non-GAAP diluted EPS of $1.20 beat the $1.17 consensus by 2.37%, undersco… Read more Advanced Micro Devices delivered a strong third quarter, posting revenue of $9.25 billion, up 35.6% year-over-year and well ahead of the $8.75 billion consensus estimate, while non-GAAP diluted EPS of $1.20 beat the $1.17 consensus by 2.37%, underscoring broad demand momentum across its portfolio. The primary engine behind the beat was the Client and Gaming segment, which generated $4.05 billion in revenue, up 73% year-over-year, with Gaming revenue alone climbing 181% on stronger semi-custom and Radeon demand, while the Data Center segment contributed $4.34 billion as EPYC server processors and Instinct GPU shipments gained traction, even as U.S. Export controls on MI308 products to China continued to constrain that revenue stream. AMD also secured a landmark partnership with OpenAI, which selected the company as a core preferred partner to deploy 6 gigawatts of AMD GPUs for next-generation AI infrastructure. Looking ahead, AMD guided Q4 2025 revenue to approximately $9.60 billion, representing roughly 25% year-over-year growth, with non-GAAP gross margin expected near 54.5%.
Key Takeaways
- • Strong demand for 5th Gen EPYC processors in data center
- • AMD Instinct MI350 Series GPU demand driving data center revenue
- • Record Ryzen processor sales driving client revenue up 46% year-over-year
- • Semi-custom revenue surge driving gaming revenue up 181% year-over-year
- • Strong demand for Radeon gaming GPUs
- • Richer product mix in client segment
AMD YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
AMD Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered an outstanding quarter, with record revenue and profitability reflecting broad based demand for our high-performance EPYC and Ryzen processors and Instinct AI accelerators.”
— Lisa Su, Q3 2025 Earnings Press Release
AMD Earnings Trends
AMD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMD EPS Trend
Earnings per share: estimate vs actual
AMD Revenue Trend
Quarterly revenue: estimate vs actual
AMD Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.29 | $1.37 | +5.88% | $10.25B | +3.41% |
| Q4 25 BEAT FY | $1.32 | $1.53 | +15.98% | $10.27B | +6.20% |
| FY Full Year | — | $4.17 | — | $34.64B | — |
| Q3 25 BEAT | $1.17 | $1.20 | +2.37% | $9.25B | +5.66% |
| Q2 25 MISS | $0.48 | $0.48 | -0.54% | $7.69B | +3.43% |
| Q1 25 BEAT | $0.93 | $0.96 | +2.83% | $7.44B | +4.47% |
| Q4 24 BEAT FY | $1.09 | $1.09 | +0.36% | $7.66B | +1.76% |
| FY Full Year | — | $3.31 | — | $25.79B | — |
| Q3 24 BEAT | $0.91 | $0.92 | +1.10% | $6.82B | +1.64% |
| Q2 24 BEAT | $0.68 | $0.69 | +1.47% | $5.84B | +1.94% |