"AMD management now sees the server CPU total addressable market reaching $120 billion or more by 2030, with the market growing at 35%+ annually versus its prior view of roughly 18% CAGR."
"Data Center revenue hit $5.78 billion, up 57% YoY, total revenue reached $10.25 billion (+37.85% YoY), and non-GAAP gross margin expanded 170 basis points to 55%."
"The $120 billion target gives investors a multi-year frame for capital allocation decisions already underway, with significant partnerships in place to support this growth."
AMD's Q1 FY2026 earnings report reveals a significant upward revision of its server CPU total addressable market to $120 billion by 2030, growing at over 35% annually. This change is attributed to increased demand from agentic AI workloads. The company's data center revenue reached $5.78 billion, a 57% year-over-year increase, contributing to a total revenue of $10.25 billion. Operating income and free cash flow also saw substantial growth, indicating strong financial health and operational leverage to support this market expansion.
Read at 24/7 Wall St.
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