AMD rides data center riches to ‘largest and most profitable’ quarter in history
AMD 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 driving that growth, with $8.5 billion in data center quarterly revenue for Q3 2026. Su said AMD's…
Key points
- AMD reported record quarterly revenue of $13.4 billion in Q3 2026 and expects $17 billion next quarter.
- Data center revenue reached $8.5 billion in Q3 2026, about 63 percent of AMD's net quarterly revenue.
- AMD's gaming business fell 40 percent year over year to $773 million amid component shortages and price hikes.
AMD reported the largest and most profitable quarter in its history for Q3 2026, with record quarterly revenue of $13.4 billion. The company expects to set another record next quarter at $17 billion.
CEO Lisa Su said on Tuesday's earnings call that the data center business is driving the growth, posting $8.5 billion in quarterly revenue for Q3 2026. Su said AMD expects revenue to "grow more than 80 percent in 2027," with data center as the largest contributor.
Data center share of revenue
CFO Jean Hu said that beyond 2027, AMD expects its data center business to account for more than 80 percent of total company revenue. As of Q3 2026, roughly 63 percent of AMD's net quarterly revenue came from data centers.
AMD's overall revenue rose $1.9 billion in Q3 2026, while data center revenue rose $1.8 billion, continuing a pattern in which the company's growth closely tracks its data center business.
Looking ahead of 2027, we actually think our data center business will be more than 80 percent of total company revenue.
— CFO Jean Hu
Gaming decline and shortages
AMD's gaming business dropped 40 percent compared to last year, dipping to $773 million. PCs, game consoles and other tech have seen price hikes in recent months due to shortages of RAM and other components, driven by demand from AI data centers.
Intel said it does not expect the shortage to improve next year, and SK Hynix predicted it will last until 2030. Su acknowledged the price hikes and said AMD is "planning with the current environment for a down year for 2027."
