AMD rides data center riches to ‘largest and most profitable’ quarter in history

AMD thinks over 80 percent of its revenue will eventually come from its data center business alone.

AMD 认为，其最终将有超过 80% 的收入来自数据中心业务。

AMD CEO Lisa Su said in the company’s quarterly earnings call on Tuesday that Q3 2026 was “was the largest and most profitable in our history.” AMD reported a record $13.4 billion in quarterly revenue, and it’s predicting it will hit another record high next quarter of $17 billion. The company’s data center business is driving that growth, with $8.5 billion in data center quarterly revenue for Q3 2026. Su said AMD’s expecting its revenue to “grow more than 80 percent in 2027,” adding that “data center will be the largest contributor.”

AMD 首席执行官苏姿丰（Lisa Su）在周二的公司季度财报电话会议上表示，2026 年第三季度是“我们历史上规模最大、利润最高的一个季度”。AMD 报告称，其季度营收达到创纪录的 134 亿美元，并预计下一季度将再创新高，达到 170 亿美元。该公司的增长主要由数据中心业务驱动，2026 年第三季度数据中心业务的季度营收为 85 亿美元。苏姿丰表示，AMD 预计其营收在 2027 年将“增长超过 80%”，并补充说“数据中心将是最大的贡献者”。

Eventually, most of AMD’s revenue might come from its data center business. In response to a question during Tuesday’s earnings call, CFO Jean Hu said, “Looking ahead of 2027, we actually think our data center business will be more than 80 percent of total company revenue.”

最终，AMD 的大部分收入可能都将来自其数据中心业务。在周二的财报电话会议上回答提问时，首席财务官 Jean Hu 表示：“展望 2027 年之后，我们实际上认为我们的数据中心业务将占公司总收入的 80% 以上。”

As of Q3 2026, roughly 63 percent of AMD’s net quarterly revenue was from its data center business. Over the last couple years, jumps in the company’s revenue have been closely mirroring its data center business — in Q3 2026 its overall revenue went up $1.9 billion, while its data center revenue went up $1.8 billion.

截至 2026 年第三季度，AMD 约 63% 的季度净收入来自其数据中心业务。在过去几年中，该公司营收的增长与数据中心业务的表现高度一致——在 2026 年第三季度，其总营收增长了 19 亿美元，而数据中心业务营收增长了 18 亿美元。

As AMD keeps smashing its data center revenue records, its gaming business dropped 40 percent compared to last year, dipping to $773 million. PCs, game consoles, and other tech have been hit with price hikes over recent months due to shortages of RAM and other components, driven by demand from AI data centers. The shortage might not end anytime soon — Intel said it’s not expecting the shortage to improve next year, and SK Hynix predicted it’ll last until 2030.

随着 AMD 不断刷新其数据中心营收记录，其游戏业务较去年下降了 40%，跌至 7.73 亿美元。受人工智能数据中心需求驱动，内存及其他组件的短缺导致个人电脑、游戏机和其他科技产品在近几个月内价格上涨。这种短缺可能不会很快结束——英特尔表示预计明年短缺情况不会改善，而 SK 海力士则预测短缺将持续到 2030 年。

Su acknowledged the price hikes, saying, “Our view is, this is one of those times — when, you know, component prices go up, it affects overall system pricing. One would expect the consumer markets to be more sensitive to that, and so we have seen a bit of a slowdown in the sell-through.” Su added, “We are planning with the current environment for a down year for 2027.”

苏姿丰承认了价格上涨的情况，并表示：“我们的观点是，这属于那种特殊时期——当组件价格上涨时，它会影响整个系统的定价。人们会预期消费市场对此更为敏感，因此我们已经看到销售情况出现了一些放缓。”苏姿丰补充道：“考虑到当前的环境，我们正计划迎接 2027 年的下滑。”