AMD revenue surges 50 per cent in Q2

The chipmaker’s largest business more than doubled, driven by accelerating AI infrastructure demand

US-based chipmaker AMD has reported soaring Q2 results after its datacentre business more than doubled on the back of continued AI infrastructure demand.

Revenue jumped 50 per cent year on year to $11.5bn (£8.5bn) during the quarter, while H1 turnover climbed 44 per cent to $21.8bn.

Datacentre becomes AMD’s growth engine

Datacentre remained AMD’s largest business during the quarter, generating $6.7bn in revenue, up 107 per cent year-on-year and accounting for around 58 per cent of the company’s total turnover.

Momentum was driven by strong demand for EPYC server processors and Instinct AI accelerators as enterprises and hyperscalers continued investing in AI infrastructure.

AMD CEO Lisa Su previously said the organisation expects its Instinct datacentre GPU business to generate tens of billions of dollars in annual revenue in the “coming years”.

Client and gaming top line increased six per cent to $3.8bn.

Within the segment, client earnings soared 23 per cent to $3.1bn on the back of continued Ryzen processor demand.

On the other hand, gaming fell 31 per cent to $779m due to lower semi-custom revenue.

Embedded turnover climbed 19 per cent to $977m as demand improved across multiple end markets.

“We delivered an excellent quarter, with record revenue and profitability as datacentre revenue more than doubled year-on-year,” said Su.

“We enter the second half with strong momentum as EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp.

“AI is driving a significant expansion in demand for compute across all of our markets and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead.”

AI expansion and outlook

The results follow a busy year for AMD as it continued to expand its global AI footprint.

In June, the company announced plans to invest up to £2bn over the next five years in the UK to boost AI innovation and research.

That same month, it acquired AI memory technology firm MEXT.

A month prior, it unveiled more than $10bn in investments across Taiwan to expand partnerships and scale advanced packaging manufacturing for next-gen AI infrastructure.

In April, AMD and the French government announced plans to deepen collaboration in support of France’s National Strategy for AI.

Last month, the chipmaker also signed a partnership with South Korea’s Ministry of Science and ICT to advance the country’s AI semiconductor and computing ecosystem.

The company also expanded AI partnerships with Anthropic, Microsoft and Cerebras.

In October 2025, it completed the divestment of the ZT Systems US-based datacentre infrastructure manufacturing business to Sanmina.

Moving forward, AMD expects Q3 top line to reach about $13bn, representing year-on-year increase of around 41 per cent.

The chipmaker highlighted that rising datacentre demand is expected to continue driving overall revenue rise during H2.