AMD late on Tuesday reported its highest quarterly revenue ever as demand for its Epyc data center processors and Instinct AI accelerators nearly doubled year-over year and sales of its products for client systems were down only modestly despite high memory prices and other headwinds.
As increasing sales of data center hardware more than offset declines in the client realms, AMD's profitability continues to improve. Perhaps the most striking announcement AMD made is that it expects its Q4 revenue to reach approximately $17 billion, which would put it ahead of Intel for the first time in history.