AMD’s datacenter business is booming while gaming takes a backseat

<figure> <img alt="" data-caption="" data-portal-copyright="Illustration by Alex Castro / The Verge" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/24002467/acastro_STK081_amd_02.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">Driven by demand for AI capacity, AMD's data center revenue more than doubled year-over-year in its <a href="https://ir.amd.com/news-events/press-releases/detail/1295/amd-reports-second-quarter-2026-financial-results">latest earnings report</a>, reaching $6.7 billion. That's up from <a href="https://www.theverge.com/tech/924889/amds-revenue-jumps-38-percent-from-last-year-as-q1-data-center-sales-hit-5-8-billion">$5.8 billion in Q1</a>, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago.</p> <p class="wp-block-paragraph">At the same time, AMD's gaming revenue fell 31 percent compared to last year, to $779 million, as price hikes and component shortages slowed sales for the Xbox Series X / S, PS5, and Valve's Steam Deck.</p> <img src="https://platform.theverge.com/wp-content/uploads/sites/2/2026/08/amd-q2-2026-earnings-slides-screenshot.png?quality=90&amp;strip=all&amp;crop=0,0,100,100" alt="A screenshot of slides from AMD&apos;s Q2 2026 earnings presentation" title="A screenshot of slides from AMD&apos;s Q2 2026 earnings presentation" data-has-syndication-rights="1" data-caption="" data-portal-copyright="Image: AMD"> <p class="wp-block-paragraph">"Revenue increased 50 percent year-over-year to a record $11.5 billion, driven by continued strength in our Data Center business, which represented 58% of company revenue i …</p> <p><a href="https://www.theverge.com/tech/975381/amd-q2-2026-earnings-ai-gaming-ryzen">Read the full story at The Verge.</a></p>