, 10 min read
AMD's Helios Hits the Books: A Record Quarter, a $17B Guide, and a Thin Cash Line
AMD's Q3 was the first quarter its Helios racks and MI455X GPUs shipped for revenue. Data center sales nearly doubled to $8.5B, Q4 is guided to ~$17B, and Lisa Su now sees 2027 revenue up more than 80%. Underneath: free cash flow of just $554M, a $3B inventory build, and a $1.1B OpenAI-warrant charge. Here's what the print says, in plain English.