AMD projects revenue of approximately $17 billion for the fourth quarter of fiscal 2026, representing roughly 66% year-over-year growth and about 27% quarter-over-quarter. Intel, by contrast, anticipates revenue of $15 billion to $16 billion for the same period. Should these forecasts hold, AMD could overtake Intel in revenue for the first time ever—a landmark turning point for the x86 chip industry. AMD's standout performance is driven primarily by its data center business, which now accounts for 64% of total revenue; demand for EPYC server processors and Instinct AI accelerators has nearly doubled year-over-year, offsetting softer conditions in the consumer market. Fueled by surging AI demand, data center chips have become AMD's most critical growth engine, and the growing share of high-value products continues to lift its profitability. That said, AMD's client product sales have already edged downward, and the company expects its client and gaming segments to face double-digit declines in 2027.