AMD hits record revenue as data center doubles

AMD posts record quarter

AMD reported third-quarter revenues of $13.4 billion on Tuesday, an increase of 45 percent year over year, as data center business nearly doubled.

Data center surges 97 percent

AMD's data center segment was up 97 percent year over year, reaching a record $8.5 billion, driven by demand for its EPYC enterprise server CPUs and the Instinct MI450 series GPUs.

Gaming revenue crashes 40 percent

Gaming revenue fell sharply to $773 million, a 40 percent drop year over year, which AMD attributes to lower semi-custom and graphics revenue.

AMD guides to $17 billion next quarter

AMD CFO Jean Hu said the company expects Q4 revenue of approximately $17 billion, plus or minus 3 percent, representing approximately 66 percent year-over-year growth, primarily driven by data center acceleration.

“We expect revenue to be approximately $17 billion, plus or minus 3%. The middle point of our guidance represents approximately 66% year-over-year revenue growth, primarily driven by the acceleration of our Data Center segment.”

AMD poised to exceed Intel

If AMD lands where it expects at the end of Q4, it would exceed Intel's revenue for the first time in history, as Intel's Q4 guidance places revenue between $15 billion and $16 billion.

New AI systems coming in 2027

AMD announced the Threadripper Halo Station, pairing a Threadripper 9995WX CPU with up to four Instinct MI350P GPUs to run trillion-parameter LLMs locally, slated for release in 2027.