AMD reports a 57% surge in data center revenue, driven by multi-year GPU deals with Meta and OpenAI.
AMD’s data center segment revenue climbed 57% year-over-year to $5.78 billion in Q1 2026, fueled by 6-gigawatt Instinct GPU commitments from Meta and OpenAI. The company also reported a 252% increase in Q1 free cash flow, reinforcing its growth trajectory.
CEO Lisa Su targets over 50% server CPU market share by 2030 and an EPS above $20, despite a $440 million hit from export controls on the MI308 chip in FY2025. AMD’s forward P/E of 74 reflects investor confidence amid 46% revenue growth.
Major cloud providers, including AWS, Google Cloud, and Microsoft Azure, have signed multi-year roadmaps for EPYC CPUs and Instinct accelerators. Oracle plans to deploy a 50,000-GPU AI supercluster on Helios by Q3 2026.