AMD posts record $13.4 billion revenue as AI boom fuels explosive growth, but gaming sales plunge 40%
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Bottom line: AMD's Instinct accelerators and Epyc server processors pushed the company's third-quarter 2026 revenue to a record $13.4 billion, up 97% from a year earlier. The quarter showed how quickly AMD is becoming an AI infrastructure company, while the demand behind that shift is hurting the consumer hardware side of its business.
The data center segment, which includes both product lines, produced $8.5 billion of the total, or about 63% of net revenue. AMD expects to set another record next quarter with about $17 billion in revenue.
AMD's gaming revenue fell 40% from a year ago to $773 million, as AI data centers buy up memory and other components and push up prices on the PCs and consoles that use AMD chips.
CEO Lisa Su called the quarter "the largest and most...
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