AMD Beats Q3 EPS, Posts 35.6% Sales Growth to $9.25B; Stake Climbs 2.5%
AMD reported third-quarter revenue of $9.25 billion, up 35.6% year-over-year, and delivered EPS of $1.20 versus the $1.17 consensus estimate. Bank Pictet & Cie Europe AG boosted its holding by 2.5% to 232,977 shares valued at $37.7 million, while insiders sold 181,226 shares worth $39.9 million over the past quarter.
1. Institutional Investment Bolsters AMD’s Market Position
In the third quarter, Bank Pictet & Cie Europe AG raised its holdings in Advanced Micro Devices by 2.5%, acquiring an additional 5,789 shares to bring its total to 232,977 shares valued at $37.693 million. Other notable institutional moves include HBK Sorce Advisory LLC increasing its stake by 0.3% to 13,404 shares, Berger Financial Group Inc adding 48 shares to reach 4,309, and BSW Wealth Partners boosting its position by 0.6% to 9,132 shares. Collectively, hedge funds and institutional investors now control 71.34% of AMD’s outstanding stock, underscoring growing confidence among professional money managers ahead of next year’s product ramps.
2. Data Center GPU Ramps Drive Long-Term Revenue Growth
AMD forecasts a 60% compound annual growth rate for its data center segment, underpinned by the launch of its next-generation MI350 and MI450 AI accelerators. In fiscal 2025, the data center business accounted for approximately 35% of total revenue, driven by strong demand from hyperscale cloud providers and emerging AI service platforms. Analysts project that if AMD meets its product performance targets, the company could deliver more than $15 billion in data center revenue by 2026, up from $9.25 billion in the most recent quarterly report, positioning AMD as a credible challenger to market leader Nvidia in the AI GPU market.