超微半导体:业绩超预期 后续产品订单值得期待

国盛证券
Nov 10, 2025

AMD 发布2025Q3 业绩。2025Q3 AMD 实现收入92 亿美元,同比增加35.6%,高于先前指引的84-90 亿美元收入上限。本季度,公司non-GAAP毛利率达54.0%,同比上升0.4 个百分点;non-GAAP 归母净利润达20 亿美元,同比增长30.7%。从部门角度,数据中心/客户端和游戏/嵌入式业务分别实现收入43/40/9 亿美元,同比+22.3%/+72.8%/-7.6%...

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