AMD expects to out-earn Intel on chips next quarter
AMD reported Q3 2026 revenue of $13.4 billion and guided to about $17 billion next quarter, according to The Register, ahead of Intel's $15 billion to $16 billion.
The facts
- AMD's Q3 2026 revenue rose 45 percent year-over-year to $13.4 billion, according to The Register. Data Center revenue was $8.5 billion, up 97 percent.
- AMD expects around $17 billion next quarter. Intel guided to $15 billion to $16 billion, which The Register describes as almost no growth.
- Client and gaming revenue fell eight percent to $3.7 billion, though PC chip sales rose seven percent to $2.9 billion on strong Ryzen mobile demand.
- CEO Lisa Su said AMD expects overall company growth of more than 80 percent in 2027. These are company forecasts, not results.
Case notes · Danny's take
Why it matters
Intel would still have higher total revenue because of its foundry business. On revenue from selling chips, though, AMD could take the lead. The growth is coming from data centres, where AI demand is pulling money towards servers. The part of the business that fell, gaming, is the part that matters least to the story. Guidance is a promise, not a result.
For traders
Don't trade the headline. Watch whether AMD's next quarter actually lands near the $17 billion guidance, and how Intel's results compare. The share price rose about five percent in after-hours trading, so some of the good news may already be priced in.
For builders
AMD says it has secured wafers, substrates, advanced packaging and memory for higher growth next year. If you plan AI or server workloads, watch whether that supply holds, because chip availability sets what you can build and what it costs.
Not financial advice. Do your own investigation.
This story was summarised with AI from The Register's reporting and checked against our editorial policy. Danny's take reflects his views. Disclaimer.
Danny Walter
Founder of Moon Republic, Volt Terminal and Moon Republic Academy. Author of The Market Is a Crime Scene and After the Applause.