AMD CEO Lisa Su stated that the company is now "data center-first." She expects AMD's data center business to grow 50% quarter-over-quarter in Q4 2026 compared to Q3, and plans to more than double this business segment in 2027.
Su noted that AI adoption is outpacing many companies' previous expectations. Some enterprises are no longer planning investments solely on an annual basis but are adjusting budgets more frequently to meet rising computational demands. AMD is expanding supply capacity and working with customers on larger-scale deployments, though actual demand continues to be assessed on a quarterly basis.
AMD achieved $8.55 billion in data center revenue in Q3 2026, accounting for 64% of its total quarterly revenue of $13.38 billion, nearly doubling year-over-year. In contrast, gaming business revenue fell 40% year-over-year to $773 million; combined client and gaming business revenue was $3.72 billion, down 8% year-over-year. The company also forecasts a double-digit decline in PC shipments for the next fiscal year.
Su stated that AMD invests with a three- to five-year horizon and anticipates continued growth in AI computing demand. These growth targets apply specifically to the data center business and do not constitute a commitment to double AMD's overall revenue; "data center-first" does not mean AMD has announced an exit from the consumer hardware market.