Advanced Micro Devices (AMD) reported adjusted earnings per share (EPS) of $2.09, ahead of the $1.95 estimate, on revenue of $13.38 billion versus the $13.10 billion expected. Shares traded at $516.52 after hours, up 6.74% from the $483.90 close, lifting the company's market value to $789.95 billion.
Source: Trades in the regular session and after hours, against the close · as of November 3, 2026 at 6:45 PM ET · Five-minute closes. Extended-hours trading is thin; the price can move a long way before the open.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $2.09 | $1.95 | Beat |
| Revenue | $13.38 billion | $13.10 billion | Beat |
Source: Company earnings report and sell-side analyst consensus estimates · as of November 3, 2026 at 6:45 PM ET · Reported after the close on Tuesday, November 3, 2026.
Against the quarters before
AMD has topped estimates in each of the last four quarters shown in the table. In the quarter reported August 4, 2026, earnings per share came in at $1.66 against a $1.62 estimate on revenue of $11.54 billion. In the quarter reported May 5, 2026, earnings per share was $1.37 versus $1.29 expected, with revenue of $10.25 billion. The quarter reported February 3, 2026 showed earnings per share of $1.53 against a $1.32 estimate on revenue of $10.27 billion, and the quarter reported November 4, 2025 showed earnings per share of $1.20 versus $1.17 expected on revenue of $9.25 billion.
Across these four prior quarters and the latest one, AMD has beaten both earnings and revenue estimates every time, per the figures in the table.
Source: Company earnings reports and the consensus estimates at the time
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| August 4, 2026 | $1.66 | $1.62 | $11.54 billion | Beat |
| May 5, 2026 | $1.37 | $1.29 | $10.25 billion | Beat |
| February 3, 2026 | $1.53 | $1.32 | $10.27 billion | Beat |
| November 4, 2025 | $1.20 | $1.17 | $9.25 billion | Beat |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
AMD shares rose 6.74% in after-hours trading to $516.52, up from the $483.90 close. Investor's Business Daily described the report as a "beat-and-raise" quarter, noting the company's outlook for the fourth quarter alongside what it called record sales tied to artificial intelligence data centers. Traders on X were watching the print as a potential turning point for chip stocks following a recent pullback, discussing pre-report expectations and the reported figures once they were released, though these posts reflect trader discussion rather than confirmed company statements.
| Measure | Value |
|---|---|
| Last close | $483.90 |
| Price | $516.52 |
| Change | +6.74% |
Source: Extended-hours trades against the regular close · as of November 3, 2026 at 6:45 PM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list Taiwan Semiconductor Manufacturing Company (TSM), GLOBALFOUNDRIES (GFS) and United Microelectronics (UMC) as suppliers to AMD, while Microsoft (MSFT), Meta (META), Google (GOOGL), Sony (SONY) and Sanmina (SANM) are named as customers. This chain spans the chip manufacturing process, from the foundries that fabricate AMD's processors to the technology companies that incorporate them into cloud, gaming and other products, giving a sense of how demand and supply conditions in the broader semiconductor industry connect to AMD's business.
| Company | Role | Stock | Last move |
|---|---|---|---|
| United Microelectronics Corporation | Supplier | UMC | +0.06% |
| GLOBALFOUNDRIES Inc. | Supplier | GFS | +2.56% |
| Taiwan Semiconductor Manufacturing Company Limited | Supplier | TSM | +1.55% |
| Microsoft | Customer | MSFT | +2.74% |
| Sony | Customer | SONY | -0.47% |
| Sanmina Corporation | Customer | SANM | +3.34% |
| Meta | Customer | META | +2.36% |
| Customer | GOOGL | +0.37% |
Source: Relationships named in company filings (SEC 10-K annual report; Earnings call transcript); stock quotes · as of November 3, 2026 at 6:45 PM ET · Named in filings; a neighbour's move is not evidence of a link to this report.