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AMD's revenue climbs 50% and data center sales doubled, but the stock is down
['Kif Leswing']
International: Top News And Analysis
AMD's Data Center unit is what is driving the company's growth.
Data Center sales were $6.7 billion, up 107% on an annual basis, which the company attributed to central processing unit and graphics processing unit sales.
AMD said it expects about $13 billion in revenue for the current quarter, plus or minus $300 million, versus LSEG expectations of $12.52 billion.
The company will also start shipping Helios, its first rack AI system, this quarter to companies like Meta , OpenAI , and Oracle .
"We expect Data Center sales to accelerate in the second half of 2026, driving stronger overall revenue growth and continued earnings expansion," AMD CFO Jean Hu said in a statement.