Advanced Micro Devices (AMD) third-quarter 2025 results.

Advanced Micro Devices reported third-quarter adjusted earnings of $1.20 per share, ahead of the $1.17 consensus estimate, as robust data-center and AI chip demand helped offset continued softness in PCs.

Revenue rose 16% year-on-year to $9.25 billion, beating expectations of $8.74 billion.

Adjusted operating income came in at $2.24 billion versus $2.15 billion expected, while adjusted operating margin was 24%, roughly in line with forecasts.

R&D spending climbed to $2.14 billion (est. $1.96 billion) as the company ramped investment in AI-driven product lines, while capital expenditure reached $258 million (est. $219.7 million).

Looking ahead, AMD guided fourth-quarter revenue between $9.3 billion and $9.9 billion, topping analyst expectations of $9.21 billion, signalling confidence in ongoing AI server demand and next-gen processor launches.

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Background on this is here:

Also, the earnings conference call is at 5:00 pm US Eastern time / 2200 GMT