AMD Reports Record Q3 Revenue of $13.38 Billion as Data Center Sales Nearly Double, Forecasts 80% Revenue Growth in 2027

Advanced Micro Devices delivered a record third quarter, reporting total revenue of $13.38 billion and beating analyst estimates on both the top and bottom lines. Data center revenue surged 97% year over year to $8.55 billion, now representing 64% of total company revenue, up from just 28% in 2023. AMD shares jumped roughly 7% after hours on the results.

CEO Lisa Su raised the company's growth outlook significantly, saying AMD now expects total revenue to grow more than 80% in 2027, more than twice the long-term growth target the company outlined last November. Data center is projected to account for over 80% of AMD's total revenue in 2027. Server CPU revenue, previously forecast to grow more than 70% year over year, is now expected to double in 2027, with Su noting the growth will be driven primarily by units and core count rather than average selling prices.

For the fourth quarter, AMD's CFO guided for data center revenue to grow 50% sequentially, and said Q4 will mark the first quarter in which the data center AI business surpasses the server CPU business in revenue. Su added that customers have expanded their EPYC and Instinct deployment plans and that AMD has secured additional supply to support the higher growth trajectory. Looking further out, AMD is working with multiple frontier AI labs to optimize its upcoming MI500 accelerators for planned multi-gigawatt deployments.

AMD's first three quarters of 2026 have already generated more revenue than the entirety of 2025, underscoring the pace of acceleration driven by enterprise and hyperscaler demand for AI chips. The company positioned itself as a key challenger to Nvidia in the AI accelerator market, with Su stating she expects data center revenue growth to accelerate further in Q4 and that full-year 2026 data center revenue will more than double from 2025 levels.