AMD reported that its data center revenue nearly doubled in the third quarter, and its stock rose about 7% after the earnings release.

What it means

AMD reported its Q3 2026 earnings, showing data center revenue nearly doubled year-over-year (up 97% to $8.55 billion), pushing total revenue to a record $13.4 billion. The strong AI chip demand drove a 7% stock jump after the release. CEO Lisa Su highlighted the company's ability to meet accelerating demand for AI processors.

Accuracy & sourcesGrounded

The claim is solid, based directly on AMD’s official Q3 2026 earnings press release and SEC filing, both of which are publicly available and cited by multiple financial news outlets. The reporting stays close to the primary source; the only minor risk is potential nuance in forward guidance, but the revenue doubling itself is a definitive reported figure.

How new

Genuinely new — the earnings were released and reported on November 3–4, 2026; no resurfaced or older material.

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