AMD rides data center riches to ‘largest and most profitable’ quarter in history

AMD reported a record $13.4 billion in quarterly revenue in Q3 2026, with its data center business driving the growth, reaching $8.5 billion. The company predicts another record high of $17 billion next quarter. Its data center business is expected to contribute over 80% of total revenue in 2027, and has already accounted for 63% of net quarterly revenue as of Q3 2026. In contrast, AMD's gaming business dropped 40% compared to last year, dipping to $773 million, due to price hikes caused by shortages of RAM and other components driven by AI data centers.