Advanced Micro Devices delivered an impressive 77% share gain in 2025, substantially outpacing its largest competitor’s 39% advance. This performance was driven by record data center segment revenues, which reached $4.3 billion in the third quarter—up 22% year over year—fueled by strong demand for its 5th-Gen EPYC processors and Instinct MI300 series accelerators. A landmark multi-year partnership to deploy 6 gigawatts of compute capacity for a leading AI infrastructure provider underscored AMD’s emergence as a credible alternative for both training and inference workloads. Management now projects data center revenue to expand at over a 60% compound annual growth rate through 2028, reflecting confidence in its product roadmap and growing ecosystem collaborations.

Entering 2026 with shares trading near $250, AMD remains positioned for further gains as it prepares to report fourth-quarter results on February 3. Consensus estimates have risen by 0.76% over the past two months, driving the Zacks Consensus EPS forecast to $1.32—21.1% higher than a year ago—and full-year revenues to $9.65 billion, a 26% increase. The company’s Zacks Earnings ESP stands at +2.01% alongside a Zacks Rank #3 (Hold), signaling a high probability of an earnings surprise. Additionally, the newly unveiled MI400 series accelerators, showcased at CES 2026, are set to target the fast-growing AI inference market with enhanced efficiency and scalability, offering a fresh growth leg beyond hyperscaler deployments.