Business
AMD's data center sales nearly doubled to $8.5 billion, and it guides to $17 billion next quarter. The catch is cash
AMD reported record Q3 2026 revenue of $13.4 billion, up 45%, as MI450 GPUs and Helios racks started shipping to Anthropic, Meta, Microsoft, OpenAI and Oracle. It forecasts about $17 billion for Q4, but free cash flow fell to $554 million as it built nearly $3 billion of inventory.