AMD forecasts chip revenue lead over Intel

AMD expects around $17 billion of revenue next quarter, exceeding Intel’s guidance of $15 billion to $16 billion. The forecasts suggest AMD could become the leading x86 vendor by revenue earned from selling chips. Intel would retain higher overall revenue when its foundry operations are included.

AMD reported Q3 2026 revenue of $13.4 billion, up 45 percent year-over-year. Its Data Center segment generated $8.5 billion, up 97 percent year-over-year, underscoring the importance of server processors and AI demand. Client and gaming revenue fell eight percent to $3.7 billion, with gaming responsible for the decline. PC chip sales rose seven percent year-over-year to $2.9 billion, supported by Ryzen mobile processors and growing enterprise adoption of Ryzen PRO PCs.

CEO Lisa Su forecast strong momentum in 2027, with overall company growth of greater than 80 percent. She expects datacenter CPU revenue to approximately double and datacenter AI revenue to grow significantly more than double. AMD has secured wafers, substrates, advanced packaging, memory and other components to support higher demand, according to Su. The company is also investing alongside supply chain partners to secure long-term capacity. Its shares rose around five percent in after hours trading.