AMD reported second-quarter results on August 4 that blew past expectations, with revenue climbing 50% year over year to a record $11.5 billion. The engine of that growth was the data center business, where revenue more than doubled to $6.7 billion — 58% of total sales — fueled by relentless demand for AI accelerators. The company is ramping its Instinct MI450 line and pointed to its Helios platform as a driver of the coming quarters. Client revenue also grew, though gaming revenue fell 31% to $779 million on lower semi-custom demand. For the third quarter, AMD guided to roughly $13 billion in revenue, a signal that management sees the AI-driven surge continuing. The results give AMD fresh momentum as it fights for share in the AI chip market against a backdrop of hyperscale spending that shows no signs of slowing.
AMD's Record Quarter: Data Center Revenue Doubles as AI Demand Surges
AMD posted a record $11.5 billion in Q2 revenue, up 50% year over year, as data center revenue more than doubled to $6.7 billion and now accounts for 58% of sales.
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