AMD expects to outsell Intel for the first time after a record quarter
AMD reported record third-quarter results with $13.4 billion in revenue, a 45% increase, driven primarily by a near-doubling of data centre business despite a 40% decline in gaming sales. The company projects approximately $17 billion in revenue for the current quarter, which would mark the first time AMD's quarterly sales exceed Intel's. This represents a significant milestone in the competitive dynamics between the two semiconductor giants.
Key points
- AMD projects $17 billion in quarterly revenue
- Could mark first quarter AMD outsells Intel
- Q3 revenue hit $13.4 billion, up 45% year-over-year
- Data centre business nearly doubled
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