AMD Soars After Blowout $17 Billion Guide... As Free Cash Flow Quietly Shrinks To 4% Of Revenue Three months ago, AMD beat on every line and the stock crashed anyway. Tonight, the market got the number it wanted. After a brutal month in which AMD shares lost more than a quarter of their value, pummeled first by Intel's PC warning and then by the broader AI capex hangover, Lisa Su delivered the one thing that matters in this tape: a guide that clears the whisper, not just the consensus. *AMD SEES 4Q REVENUE ABOUT $17B PLUS OR MINUS 3% — zerohedge (@zerohedge) November 3, 2026 That is $700 million above the $16.3 billion sellside consensus , and right on top of the $17 billion Jefferies' Blayne Curtis had been pounding the table on in the days before the print.
The stock, which closed up 3.7% at $483.90 into the event, promptly jumped another 10% to roughly $530 after hours, a move almost exactly in line with what the options market was implying.