AMD expects to bring in about $17 billion in the fourth quarter, plus or minus 3%, a jump of roughly 27% from the record quarter it reported after the market closed Tuesday. The company said the midpoint would mean growth of about 66% from a year earlier.

Third-quarter revenue rose 45% to $13.4 billion, AMD said in its earnings release, above the top of the $13 billion, plus or minus $300 million, range it gave in August. Non-GAAP earnings per share climbed 74% to $2.09. Analysts had expected $1.97 a share on revenue of $13.08 billion, Yahoo Finance reported, citing Bloomberg consensus estimates. On a GAAP basis, AMD earned $2.4 billion, or $1.46 a share.

Abstract illustration of glowing server racks beside a row of rising bars

Data Center does most of the work

Data Center segment revenue reached a record $8.5 billion, up 97%, on demand for EPYC server processors and the launch of the Instinct MI450 Series GPUs. Analysts had pegged the segment at $8.19 billion, per Yahoo Finance, and it accounted for more than 60% of the quarter's sales.

"Demand for our Instinct and EPYC products continued to strengthen, and we expect growth to accelerate further in the fourth quarter as we scale Helios and 'Venice' production," Lisa Su, AMD's chair and CEO, said in the release.