AMD reports it made $10.3 billion in revenue during the first quarter of 2026. While revenue growth has been more or less flat quarter-on-quarter, this figure otherwise represents a growth of 38% compared to the same period in 2025. By all accounts, AMD is continuing to dine well on the demand for "high-performance CPUs and accelerators" from the AI industry—though even this heavy hitter won't be immune to 'headwinds' caused by the memory supply crisis.
First, let me break down that frankly eye-watering $10.3 billion figure in the press release: AMD's data centre segment represents a $5.8 billion slice of that pie—which has also grown 57% compared to Q1 2025—while gaming alone represents only about $720 million. It always feels wrong to say 'only' in relation to a monetary amount in the millions, especially as gaming grew about 11% year-on-year. However, AMD is advising investors to expect a sharp dip in this sector shortly.
