- AMD’s Q2 data center revenue more than doubled year over year to $6.7 billion, while EPYC delivered a fifth consecutive quarter of record server CPU revenue.
- The Helios rack-scale platform moved from roadmap to customer commitments, including up to 2 gigawatts of MI450-series GPU deployments and up to 2.5 gigawatts of data center capacity secured with Core Scientific.
- Raymond James upgraded AMD to Strong Buy and forecast a 44% five-year revenue CAGR to roughly $201 billion by 2030, driven by data center demand, accelerator coordination and agentic AI workloads.
- AMD’s growth remains concentrated in data center products: gaming revenue declined 31% year over year in Q2, even as total revenue reached $11.54 billion and Q3 guidance came in near $13 billion.
Quotes
“strongest combination of direct earnings leverage, data center positioning, and market-share gains”