AMD reported third-quarter adjusted earnings per share of $2.09, surpassing the market estimate of $1.97 and up from $1.20 a year earlier. Revenue for the quarter came in at $13.38 billion, up 45% year-over-year and above the $13.08 billion estimate. Data center revenue reached $8.55 billion, up 97% year-over-year and exceeding the $8.2 billion estimate. Adjusted gross margin was 56%, capital expenditure totaled $648 million, and adjusted operating income was $3.92 billion, up 75% year-over-year and above the $3.68 billion estimate. Adjusted operating margin stood at 29%, beating the 28% estimate. R&D spending was $2.80 billion, up 31% year-over-year and above the $2.72 billion estimate. Free cash flow was only $554 million, down 64% year-over-year and well short of the $1.97 billion estimate. AMD expects fourth-quarter revenue of approximately $17 billion, plus or minus 3%, with adjusted gross margin of about 55%, below the market estimate of 55.5%.