FACTS
Advanced Micro Devices reported third-quarter revenue of $13.38 billion and adjusted earnings of $2.09 a share after the bell Tuesday, beating expectations of $13.06 billion and $1.94. The company guided fourth-quarter revenue to about $17 billion, well above the roughly $16.23 billion analysts expected, citing demand for its Instinct AI accelerators and EPYC server chips.
Shares rose about 9% in after-hours trading after closing at $483.90, Investing.com reported. Supermicro also jumped 7% on strong preliminary results, while Skyworks fell 15% on weak guidance.
