AMD reported third-quarter revenue of $13.377 billion, up from $9.25 billion a year earlier, and net income of $2.43 billion. Its data center unit brought in a record $8.55 billion, up 97% year over year, on Epyc processors and the launch of Instinct MI455X accelerators that power its Helios systems. According to the company, Anthropic, Meta, Microsoft, OpenAI and Oracle are already running workloads on their first Helios systems.
For the fourth quarter AMD expects revenue of about $17 billion, plus or minus 3%. Intel expects $15 billion to $16 billion for the same quarter, so if both forecasts hold, it would be the first time AMD outsells Intel in a quarter.
On the other side, the client and gaming unit fell 8% year over year, and AMD expects it to shrink by more than 20% in the fourth quarter from the third because of high memory prices. CEO Lisa Su said the company is planning for a double-digit decline in PC shipments in 2027, and that data center should exceed 80% of company revenue that year.