AMD Data Center Revenue Jumps 97% as Company Guides to First-Ever Revenue Lead Over Intel

Data Center Segment Drives Overall Growth

AMD reported revenue of $13.4 billion for its fiscal third quarter of 2026, a 45% increase from the prior year. The data center business was the largest contributor, with revenue of $8.5 billion, up 97% year over year. Client and gaming revenue fell 8% to $3.7 billion. The remaining roughly $1.2 billion came from other segments that were not detailed in the earnings release.

Data center now accounts for about 63% of total quarterly revenue. The segment’s year-over-year increase of roughly $4.2 billion was more than enough to offset the decline in client and gaming, which shrank by about $0.3 billion. The result was a quarter of strong overall growth, but one that depended heavily on a single business line. AMD did not provide additional detail on what drove the near-doubling of data center revenue, leaving the specific product or customer mix unclear.

The data center segment is now AMD’s largest business by a wide margin, with revenue more than double that of client and gaming. That structure differs from earlier periods when client processors accounted for a larger share of AMD’s sales. The earnings release did not offer a longer historical comparison, but the current figures show a clear shift in the company’s revenue base.

Client and gaming was the only major segment to post a decline. Its 8% drop stands in contrast to the data center segment’s expansion. The earnings release did not offer a reason for the decline, which could reflect weaker demand or product cycle timing. The revenue mix shift toward data center has been visible for several quarters, and this report shows the trend continuing.

Guidance Suggests First Quarter Above Intel

For the next quarter, AMD issued revenue guidance of approximately $17 billion. Intel’s expected revenue for the same period is between $15 billion and $16 billion, with growth described as nearly flat. That range implies Intel’s revenue has been essentially stagnant, a sharp contrast to AMD’s 45% year-over-year increase in the latest quarter. AMD’s guidance represents a sequential increase of about 27% from the current quarter’s $13.4 billion, though no segment-level breakdown was provided. If AMD achieves its guidance, its quarterly revenue would exceed Intel’s high-end expectation by about $1 billion. That would mark the first time AMD’s quarterly revenue surpasses Intel’s.

AMD’s current-quarter revenue of $13.4 billion remains below Intel’s forward expectation for the next quarter, but the gap has narrowed considerably. AMD’s data center segment alone generated $8.5 billion in the quarter, more than half of Intel’s expected total revenue for the coming quarter. However, the two companies differ in product mix, margins, and other business lines, so revenue alone does not provide a full picture of competitive position.

The potential crossover depends on AMD meeting its own forecast. Guidance is not a result, and the next earnings report will confirm whether the company reaches the $17 billion mark. Even if the crossover occurs, it would be a single quarter’s outcome. What this quarter does show is that AMD’s data center segment is growing fast enough to change the company’s overall revenue trajectory, and that the next quarter could produce a first in the long-running competition between the two x86 processor makers.