AMD forecasts more than 80% revenue growth in 2027 as data center targets more than 80% of total revenue

What happened: On its Q3 2026 earnings call, AMD said it expects data center to be more than 80% of total revenue in 2027 and server revenue to double year-over-year in 2027. Key numbers: Q3 revenue $13.4 billion, up 45% year-over-year and 16% sequentially. EPS $2.09, up 74%. Gross margin 56%. Why it matters: Management raised its 2027 server growth target from more than 70% to doubling year-over-year, and said data center AI revenue will grow even faster than projected 90 days ago. Lisa Su said demand is higher than supply, and the 2027 planning assumption is a market down double digits. Market: +3.6% today ($483.90), +116.5% YTD, 1.5x vol — as of 00:45 UTC Verified: Q3_2026 (Nov 3) EPS $2.09 vs $1.94 est, +7.7% beat; next print ~Feb 2 Coverage: 7 outlets in 24h

On its Q3 2026 earnings call, AMD said it expects data center to be more than 80% of total revenue in 2027 and server revenue to double year-over-year in 2027.

Management raised its 2027 server growth target from more than 70% to doubling year-over-year, and said data center AI revenue will grow even faster than projected 90 days ago. Lisa Su said demand is higher than supply, and the 2027 planning assumption is a market down double digits. Market: +3.6% today ($483.90), +116.5% YTD, 1.5x vol — as of 00:45 UTC Verified: Q3_2026 (Nov 3) EPS $2.09 vs $1.94 est, +7.7% beat; next print ~Feb 2