Advanced Micro Devices reported $13.38 billion in third-quarter revenue after the market closed on Nov. 3, a 45% increase from a year earlier, as data-center sales almost doubled. The company beat analyst expectations, and its shares rose more than 7% after the report; CNBC put the gain in extended trading at 8%. The results also show how much more of AMD’s business now comes from data centers.

The estimate benchmarks varied slightly by provider, but both showed AMD ahead. LSEG consensus, cited by CNBC, called for adjusted earnings per share of $1.95 and revenue of $13.09 billion. Bloomberg consensus, cited by Yahoo Finance, forecast earnings per share of $1.97 and revenue of $13.08 billion. AMD reported earnings per share of $2.09.

Data centers now account for nearly two-thirds of sales

AMD’s data-center business brought in $8.5 billion, up from $4.34 billion in the same quarter a year earlier. Yahoo Finance cited an analyst estimate of $8.19 billion. The segment made up 64% of AMD’s total revenue, compared with 47% a year earlier, according to CNBC.

That change in share is as significant as the growth rate: data centers now supply most of AMD’s sales, rather than less than half. The earnings report also showed uneven results across the company’s businesses. Gaming revenue was $773 million, down 40% year over year, although above the $655 million analysts had expected, Yahoo Finance reported.

AMD’s forecasts point to further growth

For the fourth quarter, AMD expects revenue of about $17 billion. That is above the $16.2 billion average analyst estimate cited by CNBC. The company forecast a gross margin of 55%, slightly below the 55.3% estimate from StreetAccount cited by CNBC.

Chief executive Lisa Su also gave a longer-term outlook on the company’s earnings call. She expects server revenue to double year over year in 2027 and said data-center AI growth should accelerate faster than AMD had projected 90 days earlier. Those are forecasts, not results already achieved.

Su said AMD had secured wafers, substrates, advanced packaging, memory and other components to support higher growth next year. The comments link the company’s outlook to both expected demand and its ability to obtain the parts needed to supply customers. The quarter’s figures show why that business now matters so much to AMD: data centers generated nearly two-thirds of revenue, while gaming sales moved in the opposite direction.