AMD posted record quarterly revenue of $11.5 billion for Q2 2026, with the data center segment alone contributing $6.7 billion—more than eight times the $779 million generated by gaming. This marks a 107% year-over-year increase for data centers, now accounting for 58% of total revenue, driven by EPYC processors and Instinct accelerators. Gaming revenue fell 31% year-over-year, attributed to lower semi-custom console chip sales for aging PS5 and Xbox platforms amid rising component prices.

Client business revenue reached $3.1 billion, up 23%, largely from lower-end and mobile Ryzen processors, while overall results exceeded Wall Street estimates of $11.25 billion. The shift reflects broader industry dynamics where AI infrastructure demand continues to reshape priorities, with memory and component supply pressures further impacting consumer gaming hardware availability.

AMD raised Q3 guidance to approximately $13 billion, underscoring sustained momentum in the data center space. The earnings call highlighted expanding deployments across hyperscalers and continued share gains in servers.