AMD Sees Q2 FY26 Server CPU Revenue Jump Over 70% as TAM Tops $120 Billion by 2030
Updated
Updated · Seeking Alpha · Jun 12
AMD Sees Q2 FY26 Server CPU Revenue Jump Over 70% as TAM Tops $120 Billion by 2030
3 articles · Updated · Seeking Alpha · Jun 12
Summary
More than 70% year-over-year server CPU revenue growth is AMD’s Q2 FY26 target, marking an acceleration driven by stronger pricing and share gains against Intel.
A server CPU total addressable market growing more than 35% annually to over $120 billion by 2030 underpins that outlook and supports AMD’s data-center expansion case.
Demand for AMD’s MI450 GPUs and Helios rack-scale systems already exceeds its initial 2027 plans, led by large multi-gigawatt deployments from Meta and OpenAI.
Consumer PCs and gaming remain a weaker spot, with Nvidia competition and higher memory costs pressuring shipment volumes and margins even as data-center momentum strengthens.
AMD still trades at a premium to peers, but consensus forecasts imply earnings growth can outpace the roughly 37% seven-year CAGR needed to match expected market returns.