AMD's data center business just more than doubled, and gaming is paying the price

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Bottom line: AMD's latest quarter makes clear where the company's business is shifting: toward data centers and AI workloads. The company reported $6.7 billion in data center revenue in Q2 2026, more than double the $3.2 billion it generated in the same period a year earlier and up from $5.8 billion in the previous quarter. Data center now accounts for 58% of AMD's total revenue, underscoring how much demand for AI compute is driving the business.

AMD's overall revenue reached a record $11.5 billion, up 50% year-over-year. "Revenue increased 50 percent year-over-year to a record $11.5 billion, driven by continued strength in our Data Center business, which represented 58% of company revenue in the quarter," AMD CFO Jean Hu wrote. That mixputs data center and AI-related compute at the center of AMD's...

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