AMD posts record $13.4bn quarter as data-centre sales nearly double

AMD has reported record revenue of $13.377 billion for the third quarter of 2026, up 45% year on year and 16% from the previous quarter. The chip designer also posted GAAP gross margin of 54%, operating income of $2.832 billion, net income of $2.428 billion and diluted earnings per share of $1.46.¹

Data-centre demand is doing the heavy lifting

AMD’s Data Center segment generated a record $8.5 billion, nearly doubling year on year with growth of 97%. The company attributes that performance to demand for EPYC processors and the launch of Instinct MI450-series GPUs. AMD’s wider client and gaming segment, by contrast, brought in $3.7 billion, down 8% year on year. Gaming revenue within that segment fell 40% to $773 million, while client revenue grew 7% to $2.9 billion.¹

That split is the central message in AMD’s results. The company is growing quickly, but the momentum is concentrated in infrastructure for cloud, AI and data-centre customers rather than in consumer gaming hardware. AMD said its products are being used in new Helios rack-scale systems and highlighted deployments involving Anthropic, Meta, Microsoft and Oracle Cloud Infrastructure.¹

AMD chair and CEO Lisa Su said data-centre sales had nearly doubled and that the company expects growth to accelerate as Helios and its “Venice” production scale up. CFO Jean Hu said the quarter showed operating leverage as the Data Center business expanded, while warning that the outlook remains subject to the uncertainties described in the company’s forward-looking statements.¹

Fourth-quarter outlook

AMD guided for fourth-quarter revenue of approximately $14.4 billion, plus or minus $300 million. That would represent another step up from the third quarter, although guidance is a company forecast rather than an independently verified prediction. AMD also reported non-GAAP gross margin of 56% and non-GAAP diluted earnings per share of $2.09 for the quarter.¹

Independent coverage from TechPowerUp likewise described the quarter as a record $13.4 billion result, while noting the contrast between the data-centre surge and weaker gaming sales.²

Our opinion

AMD’s numbers show a company increasingly being judged as an AI and infrastructure supplier, not simply as a rival to Intel in CPUs or Nvidia in graphics. The near-doubling of Data Center revenue is the headline figure, but the 40% fall in gaming revenue is important context: AMD’s record quarter does not mean every part of its business is expanding at the same pace. The next test is whether Helios, Venice and MI450 demand can turn this burst of infrastructure spending into repeatable growth without making AMD more exposed to a small group of very large customers.