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AMD says it expects weaker demand for PCs and plans for a big drop in the market by 2027.

ResultsRead the original at Benzinga
Good for AMD

AMD beat third-quarter sales and profit estimates, and its fourth-quarter sales forecast topped estimates. PC demand faces pressure, but data-center sales made up 64% of the third-quarter total.

AMD · Advanced Micro Devices Inc.

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Data-center chips made up 64% of AMD's third-quarter sales, compared with about 22% for PC chips. That gives AMD a larger business beyond PCs. Higher memory costs already hurt PC demand, and AMD expects PC shipments across the market to fall by a double-digit percentage in 2027. Its data-center business and stronger fourth-quarter sales forecast carry more weight in this report.

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