Key Highlights

  • Advanced Micro Devices (NASDAQ:AMD) reported third quarter Revenue up 45% to a record USD 13.4 billion, with Data Center revenue up 97% to USD 8.5 billion and fourth quarter revenue guided to about USD 17 billion.
  • Astera Labs (NASDAQ:ALAB) reported record third quarter revenue of USD 584.9 million, up 154% from a year earlier and 49% from the prior quarter.
  • Navitas Semiconductor (NASDAQ:NVTS) reported net revenues up 38% to USD 13.99 million while its loss from operations widened to USD 34.4 million from USD 19.4 million.
  • Skyworks Solutions (NASDAQ:SWKS) is targeting USD 500 million or more of annual cost synergies within 24 to 36 months of closing the Qorvo combination.

Advanced Micro Devices (NASDAQ:AMD): Data Center Nearly Doubles

Advanced Micro Devices (NASDAQ:AMD) reported third quarter 2026 results on November 3, 2026, with revenue of USD 13.377 billion against USD 9.246 billion a year earlier, above the high end of company guidance. Data Center revenue of USD 8.5 billion rose 97% on Demand for EPYC processors and the launch of Instinct MI450 series GPUs. GAAP diluted EPS was USD 1.46 and non-GAAP diluted EPS was USD 2.09, up 74%. The non-GAAP figure excludes stock-based compensation, intangible amortization and a USD 1,097 million change in the Fair Value of a Warrant liability, which the company says is driven by changes in its stock price. The fourth quarter outlook of about USD 17 billion, plus or minus 3%, spans roughly USD 16.5 billion to USD 17.5 billion, own arithmetic, and implies about USD 3.6 billion of added quarterly revenue from the midpoint. Gaming revenue fell 40% to USD 773 million. Risks include export rules, tariffs, memory and substrate supply, Manufacturing yields and a cyclical market, and Advanced Micro Devices (NASDAQ:AMD) agreed to acquire World Labs and Taalas without disclosed terms.

Astera Labs (NASDAQ:ALAB): Scorpio Switches Drive a 154% Jump

Astera Labs (NASDAQ:ALAB) reported third quarter fiscal 2026 results on November 3, 2026 for the quarter ended September 30. Revenue of USD 584.9 million was up 49% sequentially and 154% year over year. Scorpio fabric switches became the largest product family, led by Volume production of the Scorpio X-Series 320-lane switch. The company makes connectivity products for rack-scale AI infrastructure. GAAP Operating Margin was 30.6% and non-GAAP operating margin was 44.7%, with GAAP Net Income of USD 182.9 million, or USD 0.99 per diluted share, against non-GAAP USD 1.32. The roughly USD 82 million gap in Operating Income is own arithmetic and reflects stock-based compensation and other excluded items. Fourth quarter revenue guidance is USD 730 million to USD 750 million, a midpoint about 26% above the third quarter, own arithmetic. Growth from a record base depends on a small number of large AI deployments, and the release does not break out customer concentration at Astera Labs (NASDAQ:ALAB). The extract did not include a balance sheet, so cash is not stated.

Navitas Semiconductor (NASDAQ:NVTS): Revenue Up 38%, Losses Wider

Navitas Semiconductor (NASDAQ:NVTS) filed its Quarterly Report for the period ended September 30, 2026 on November 3, 2026. Net revenues were USD 13.99 million, up 38% from USD 10.11 million, mainly on U.S. data center related sales. Over nine months, revenue declined 14% to USD 33.1 million because mobile and consumer sales in China fell. Operating expenses rose 72% to USD 39.9 million, with selling, general and administrative expense up 252% on Stock Compensation and Acquisition costs. Earnout remeasurement losses of USD 211.0 million over nine months sit below the operating line. The company closed its Claros acquisition on October 6, 2026, paying about USD 126 million in cash, net of cash acquired, plus roughly 6.9 million Class A shares. Management expects continued net operating losses and negative operating cash flow, and the extract did not include the cash balance. Research and Development was 108% of revenue. As a small-cap chip designer, Navitas Semiconductor (NASDAQ:NVTS) can see thin trading, wide spreads and quoted moves that reverse.

Skyworks Solutions (NASDAQ:SWKS): USD 500 Million Synergy Target

Skyworks Solutions (NASDAQ:SWKS) reported fourth quarter and fiscal 2026 results on November 3, 2026, for the period ended October 2, 2026. Quarterly revenue was USD 1.046 billion, with GAAP diluted EPS of USD 0.15 and non-GAAP diluted EPS of USD 1.28. The figures do not include Qorvo, because the combination closed after the quarter ended. Management presented combined September quarter revenue of about USD 1.98 billion, with Qorvo's quarter containing an extra week worth roughly USD 70 million. First fiscal quarter 2027 revenue is guided to USD 1.80 billion to USD 1.90 billion, down about 7% from the combined figure at the midpoint. About USD 150 million of Operating Expense synergies are expected within fiscal 2027, and the full target of USD 500 million or more is set for 24 to 36 months after closing. Risks include reliance on a few key customers, acquisition Debt and integration delays. The extract did not reconcile GAAP and non-GAAP EPS, so the quality of the adjusted figure at Skyworks Solutions (NASDAQ:SWKS) cannot be judged.

Where Things Stand

AMD can reach USD 17 billion only if Helios and Venice move from early deployments to volume production, since the guide implies about USD 3.6 billion of added quarterly revenue, own arithmetic. That ramp is a forecast, not a result. Advanced Micro Devices (NASDAQ:AMD) beat the top of its guidance this quarter. Astera Labs (NASDAQ:ALAB) is guiding to another sequential step-up from a record base. Navitas Semiconductor (NASDAQ:NVTS) shows momentum in a narrow data center niche but remains deeply unprofitable at the operating line. Skyworks Solutions (NASDAQ:SWKS) resets with a lower near-term revenue base and acquisition debt, and its synergies arrive over 24 to 36 months. Supply, customer concentration and timing remain the shared risks, and the fourth quarter reports, Aries 7 sampling and the first combined Skyworks quarter are the next markers.