In this video, I will be going over AMD's (AMD -5.44%) Q3 earnings report. The company beat estimates across the board and raised full-year revenue guidance. It may be catching up to Intel (INTC -2.40%), although there's still a ways to go. You can find the video below, but here are some of the highlights. 

Earnings summary

The company reported earnings per share of $0.73, beating estimates of $0.67, and revenue of $4.30 billion, beating estimates of $4.12 billion.

  • Revenue grew 54% year over year (YOY) and 12% quarter over quarter (QOQ).
  • The computing and graphics segment's revenue was $2.4 billion, up 44% YOY and 7% QOQ.
  • The enterprise, embedded, and semi-custom segment's revenue was $1.9 billion, up 69% YOY and 20% QOQ. The increases were driven by higher EPYC processor (data center processors) and semi-custom product sales (gaming consoles such as the Xbox Series X and PlayStation 5).
  • Gross profit grew 70% YOY to $2.08 billion, and gross margin came in at 48%, up 450 basis points.
  • Earnings per share grew 134% YOY and 29% QOQ.
  • Operating income doubled year over year. 
  • The company raised full-year 2021 revenue guidance to growth of approximately 65%, up from prior guidance of 60% growth. 

For the full insights, do watch the video below, and consider subscribing. 

*Stock prices used were the closing prices of Oct. 26, 2021. The video was published on Oct. 27, 2021.