AMD Projects ~$17 Billion in Quarterly Revenue, Poised to Overtake Intel for the First Time

Based on guidance issued by both AMD and Intel, AMD expects fourth-quarter revenue of around $17 billion, putting it on track to surpass Intel's projected $15 billion to $16 billion in single-quarter revenue for the first time. The growth is primarily fueled by its data center business—which accounts for 64% of total revenue—where demand for EPYC server processors and Instinct AI accelerators has nearly doubled year-over-year. Meanwhile, weighed down by industry headwinds and other factors, AMD anticipates potential declines across its client and gaming segments in the near term.