AMD reports record quarterly revenue driven by data centre boom

Summarised from 3 outlets · Updated 4 Nov, 22:11 · Archive

AMD reported record quarterly revenue of $13.4 billion, up 45 per cent year on year, with data centre business nearly doubling.

AMD reported third-quarter earnings on Tuesday with record revenue of $13.4 billion, up 45 per cent year on year. The company's data centre business nearly doubled, reaching $8.5 billion and accounting for 63 per cent of overall revenue, up from 47 per cent a year earlier. The stock rose 8 per cent in extended trading.

CEO Lisa Su described the quarter as 'the largest and most profitable in our history'. The company expects data centre to drive the majority of future growth, with revenue projected to more than double year on year in 2027. AMD's data centre business is benefiting from demand for its EPYC line of enterprise server processors and the newly launched Instinct MI450 series graphics processing units, particularly for agentic artificial intelligence applications. Operating margins in data centre expanded from 25 per cent to 34 per cent, with operating income surging 168 per cent to $2.88 billion.

AMD projects Q4 revenue of approximately $17 billion, representing roughly 66 per cent year-on-year growth. If both AMD and Intel meet their guidance, AMD would exceed Intel's revenue for the first time in history, according to Ars Technica. Intel reported similar data centre growth, with third-quarter revenue in that segment up 78 per cent, though Intel's stock fell sharply following concerns about weak forward guidance.

The surge in data centre demand is straining broader semiconductor supply chains. AMD's gaming business declined sharply, falling 40 per cent to $773 million as price increases across personal computers and game consoles have resulted from shortages of RAM and other components driven by artificial intelligence data centre demand. Intel does not expect component shortages to improve next year, and SK Hynix predicted shortages could persist until 2030.

How it is being reported

• AMD's record quarter: Data center business doubles, while gaming cratersAMD's gaming revenue fell 40 percent in an otherwise record $13.4 billion quarter.Ars Technica · 4 Nov, 21:29
• AMD rides data center riches to ‘largest and most profitable’ quarter in historyAMD CEO Lisa Su said in the company's quarterly earnings call on Tuesday that Q3 2026 was "was the largest and most profitable in our history." AMD reported a record $13.4 billion in quarterly revenue, and it's predicting it will hit another record high next quarter of $17 billion. The company's data center business is […]The Verge · 4 Nov, 01:15
• AMD stock jumps 8% on earnings as data center revenue nearly doublesAMD reported better-than-expected third-quarter results, driven by booming sales of AI chipsCNBC · 3 Nov, 22:10

In this story: AMD · Lisa Su · Intel · Meta · SK Hynix · CoreWeave

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