AMD Goes "Data Center First" While Gaming Revenue Drops 40%

What happened

AMD reported Q3 results in which its Data Center business brought in a record $8.5 billion, up 97%, and now makes up 64% of AMD's $13.4 billion total revenue, up from 47% a year ago; Gaming revenue fell to $773 million, or under 6% of revenue. AMD blames the gaming decline mostly on lower semi-custom sales (the console chips it makes for Sony and Microsoft), along with weaker graphics demand; Gaming was flat against Q2, while last year's Q3 was boosted by a 181% console-driven jump to $1.3 billion. AMD CEO Lisa Su, speaking to Yahoo Finance on November 5, called AMD a "data center first" company and said AMD's data center business should grow 50% sequentially from Q3 to Q4 (forecast), suggesting it could more than double next year (forecast); she used the same "data center first" line back in 2024, when data center was just over half of revenue.

Impact and signal

Affected components and suppliers

Source and time

Source: TechPowerUp · 11/6/2026 · View original source