Lisa Su Says AMD's Server Revenue Will Grow More Than 80% This Half -- and That's Not the AI Accelerator Business

AMD CEO Lisa Su forecasted that server revenue for the company will increase by more than 80% year-over-year in the second half of 2026, and more than 70% for the full year of 2027. This forecast is based on strong demand for server CPUs, specifically AMD's EPYC processors, rather than the company's AI-focused accelerator business.

During the second quarter of 2026, AMD's overall revenue grew by 50% year-over-year to a record $11.5 billion, with the data center segment, including both GPU sales and server CPU revenue, increasing by 107% to $6.7 billion. Server CPU revenue specifically reached a record high for the fifth consecutive quarter, with cloud and enterprise sales growing by over 70% year-over-year.

AMD's guidance for the third quarter suggests around $13 billion in revenue, with about 41% year-over-year growth if the midpoint is used. The company's upcoming server chips, particularly the next EPYC generation, are expected to gain market share in cloud and enterprise segments. While accelerator demand is influenced by AI giants' budgets, server CPU demand is more evenly distributed across a larger set of cloud and enterprise customers.