6 May 2026
AMD’s results underline how well positioned the company is in the current AI cycle. Revenues were up 38%, driven by strong data centre growth across both GPUs and CPUs, which is important as AI workloads increasingly rely on CPUs to orchestrate tasks, particularly in more agentic models.
Management also doubled its addressable market from $60bn to $120bn, a clear signal that demand assumptions are being revised higher. The shares rose 17% after hours and are up around 70% year to date, reflecting growing confidence that AMD demand is robust is taking meaningful CPU share from Intel.
GPUs remain a strength, even with the next generation not launching until the second half of the year, while guidance for 46% growth suggests further acceleration next quarter. Some softness in PCs and gaming is expected due to higher memory prices, but that was already well flagged.
Overall, AMD looks ahead of its long‑term revenue and earnings targets and continues to execute strongly against its main competitors.
