Advanced Micro Devices eyes $94B revenue by 2027, nearing $100B threshold

AMD's AI-driven data center business has accelerated its own timeline by three years, with 2027 revenue now projected to approach $94 billion. Three years ago, AMD’s $100 billion revenue ambition was the kind of goal companies pin to a distant horizon to sound impressive at investor days. Now it looks like a realistic near-term target, and the semiconductor company is moving faster than even its own analysts expected. During AMD’s Q3 2026 earnings call in early November, CEO Lisa Su outlined a significant upward revision to the company’s 2027 revenue outlook, with projections now pointing to approximately $94 billion for that year. That figure implies over 80% growth year-over-year from a 2026 baseline forecast of approximately $52.2 billion. How the data center became AMD’s whole story The engine behind this revised outlook is not CPUs or gaming chips. It is the data center, which is expected to account for more than 80% of AMD’s total revenue. Server CPU revenue is projected to roughly double as AMD expands customer deployments of its AI-focused processor lineup. But even that impressive trajectory is expected to be outpaced by GPU sales, with data-center AI revenue growing at a ...