- AMD data center revenue more than doubled to $6.7B in Q2 2026, within total revenue of $11.5B, up 50% year-over-year.
- AMD committed up to $5B to Anthropic, acting as both supplier and investor under a multi-gigawatt MI450-series GPU supply deal.
- Shares fell over 8% in after-hours trading despite beating Wall Street earnings estimates, as investors sought stronger evidence of AI growth and Instinct GPU share gains from Nvidia.
- AMD CEO Lisa Su said demand for AI chips outstrips industry production capacity, with memory and manufacturing as key bottlenecks.
- AMD EPYC Venice server CPUs are reportedly sold out through 2027, with orders extending into 2028; AMD has not officially confirmed the backlog figures.
- AMD has committed over $10B in Taiwan to expand supply in 2027, and supply constraints will limit how quickly demand converts into revenue.
Quotes
“demand for artificial intelligence chips is outstripping the semiconductor industry's ability to produce them”