AMD Data Center Revenue Climbs 39% to $5.4B as EPYC Deployments Surge
Advanced Micro Devices’ Data Center revenue rose 39% year over year to $5.4 billion in fiscal Q4 2025, fueled by EPYC server CPU deployments exceeding 1,600 instances. For fiscal Q1 2026, AMD forecasts $9.8 billion in revenue, reflecting 32% growth driven by CPU and AI GPU demand.
1. Data Center Revenue Surge
AMD’s Data Center segment achieved $5.4 billion in Q4 fiscal 2025 revenue, marking a 39% year-over-year increase powered by strong EPYC server CPU demand. Hyperscalers introduced over 500 new AMD-based instances last year, lifting total EPYC deployments to about 1,600 and contributing more than half of Q4 server CPU revenues.
2. AI GPU Momentum
Instinct GPU revenues reached a record level in Q4, supported by higher shipments of the MI350 series. The upcoming MI450 platform, slated for H2 fiscal 2026, is designed to underpin large-scale AI systems, positioning the Data Center AI business to approach tens of billions in annual revenues by 2027.
3. Fiscal 2026 Guidance
Management projects Q1 fiscal 2026 revenues of approximately $9.8 billion, implying 32% year-over-year growth with sequential gains in Data Center sales. Full-year fiscal 2026 revenues are expected to reach $45.3 billion, up 30.8%, driven by continued momentum in both CPU and GPU segments.
4. Attractive Valuation vs. Peers
AMD trades at a forward sales multiple of about 7.2X, significantly lower than Navitas Semiconductor’s 45.9X multiple. This valuation offers investors downside protection while capturing upside from AI-driven growth in data center markets.