MoneyAugust 4, 2026via The Verge AI
AMD’s datacenter business is booming while gaming takes a backseat
Why it matters
AMD's AI compute buildout is reshaping its business fundamentals — data center dominance signals where the semiconductor industry's growth and competitive pressure now live, while gaming becomes secondary.
Key signals
- AMD data center revenue: $6.7B in Q2 2026
- Data center YoY growth: +107% (from $3.2B in Q2 2025)
- QoQ growth: $6.7B vs $5.8B in Q1 2026
- Data center now 58% of AMD total revenue
- Total company revenue: $11.5B (+50% YoY)
- Gaming revenue: $779M (-31% YoY)
- Gaming revenue decline attributed to price hikes and component shortages affecting Xbox Series X/S, PS5, Steam Deck
The hook
$6.7B. AMD's data center business just doubled year-over-year, now 58% of total revenue.
Driven by demand for AI capacity, AMD's data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That's up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago.
At the same time, AMD's gami…