AMD reported record third-quarter revenue of $13.4bn on 3 November, up 45% on a year earlier. Its data centre segment, which sells server processors and Instinct AI accelerators, brought in $8.5bn, up 97%, and now makes up nearly two thirds of sales. Gaming chip revenue fell 40%.
The company forecast about $17bn for the fourth quarter, plus or minus 3%, which would be roughly 66% growth on a year earlier. Chief executive Lisa Su said growth should accelerate “as we scale Helios and ‘Venice’ production”. Helios is AMD’s rack-scale system built around its new Instinct MI450 GPUs, and the company said OpenAI, Anthropic, Meta, Microsoft and Oracle Cloud Infrastructure are already running workloads on the first systems.
Why it matters: NVIDIA remains by far the largest supplier of AI chips, but these figures suggest the biggest AI buyers are now taking a second supplier at scale. That gives them more supply and more bargaining power at a time when they are signing multi-gigawatt compute deals. A doubling in data centre sales also shows how much of AMD’s business now rides on AI spending continuing.