AMD 预测其下一季度收入将超过 Intel，这可能标志着该公司首次成为以 x86 处理器为主营产品的主导供应商。
AMD has predicted it will win more revenue than Intel in its next quarter, potentially marking the first time it becomes the dominant vendor whose main product is x86 processors.
“禅架构之家”周二公布了 2026 财年第三季度业绩，收入同比增长 45% 至 134 亿美元。公司的数据中心业务贡献了 85 亿美元收入，同比激增 97%。AMD 客户端与游戏部门的芯片销售额下滑 8% 至 37 亿美元，跌幅超过导致 Intel 股价下跌的 5% 降幅。
The house of Zen on Tuesday announced its Q3 2026 results, which saw it grow revenue 45 percent year-over-year to $13.4 billion. The company’s Data Center segment won $8.5 billion of revenue, up 97 percent year-over-year. Sales of silicon in AMD’s client and gaming segment slid eight percent to $3.7 billion, a worse fall than the five percent fall that helped to sink Intel’s share price.
在 x86 市场上 AMD 的老对手 Intel 给出的下一季度收入指引为 150 亿至 160 亿美元，几乎零增长。相比之下，AMD 告诉投资者预计下一季度收入将达到约 170 亿美元。
Intel, AMD’s great rival in the x86 market, offered revenue guidance of $15 billion to $16 billion for its next quarter, which would represent almost no growth. AMD, by contrast, told investors it expects around $17 billion of revenue next quarter.
CEO 苏姿丰预测未来前景更加光明。她在公司财报电话会上表示：“我们认为 2027 年将是 CPU 业务和数据中心 AI 业务都非常强劲的势头年。”“我们曾表示，整体公司将增长超过 80%，其中数据中心 CPU 业务将大约翻倍，数据中心 AI 业务将显著超过翻倍。”
CEO Lisa Su predicted even better days are ahead. “We think 2027 is going to be a very strong momentum year for both the CPU business as well as the data center AI business,” she said on the company’s earnings call. “We have said the overall company will grow greater than 80 percent, and for the data center CPU business, we will about double, and for the data center AI business, it will significantly more than double.”
苏姿丰表示，AMD 对其供应链满足这一需求充满信心。她说：“我们已在整个供应链中开展工作，以确保晶圆、基板、先进封装、内存及其他支持明年大幅增长所需的关键组件。”“我们还在深化与供应链合作伙伴的协作，并与他们共同投资，以保障我们增长所需的长期产能。”
Su said AMD is confident its supply chain can meet that demand. “We have worked across our supply chain to secure the wafers, substrates, advanced packaging, memory, and other key components needed to support much higher growth next year,” she said. “We are also deepening our collaboration with our supply chain partners and investing alongside them to secure the long-term capacity our growth will require.”
这位 CEO 补充道，AMD “对我们在未来几年保持卓越收入增长的能力充满信心，盈利增长将甚至更快。”
The CEO added that AMD has “strong confidence in our ability to sustain exceptional revenue growth for years to come, with earnings growing even faster.”
如果这些预测成真，在多年挑战 “芯片巨兽” Intel 的领先地位后，AMD 很可能将加速甩开对手，成为 x86 处理器的领先供应商。
If those predictions are correct, AMD will likely accelerate away from Intel to become the leading provider of x86 processors after years of challenging Chipzilla's lead.
由于代工业务的存在，英特尔的总体营收仍将更高，但在芯片销售营收方面，AMD 将成为市场领导者。可以说，AMD 已经是服务器 CPU 技术的领导者，虽然在 GPU 市场位居英伟达之后，但已大胜英特尔。即使 AMD 的客户端和游戏营收有所下降，也有积极的一面，因为正是游戏业务导致了问题。PC 芯片销售同比增长 7% 至 29 亿美元。
Intel would still have higher overall revenue, due to its foundry operations, but in terms of revenue earned from selling chips, AMD would become the market leader. AMD is arguably already the server CPU technology leader, and while it is second to Nvidia in the GPU market has trounced Intel. Even AMD's declining client and gaming revenue has an upside because it was the gaming part of the portfolio that created the problem. PC chip sales rose seven percent year-over-year to $2.9 billion.
苏姿丰表示，锐龙移动处理器的强劲销售推动了这一增长。她说：“随着大型企业在其员工群体中采用锐龙 PRO PC，商用业务正成为我们客户端业务中更大的一部分，”并指出在全球最大的银行、汽车公司和医疗机构中均有强劲的采用情况。大型企业买家往往是更高利润和/或更稳定营收的来源，因此 AMD 似乎正在从 PC 市场中攫取最肥美的部分，而非在中小企业和零售市场的残羹冷炙中挣扎。投资者对所听到的内容表示欢迎，盘后交易中 AMD 股价上涨约 5%。®
Su said strong sales of Ryzen mobile processors drove that growth. “Commercial is becoming a larger part of our client business as large enterprises adopt Ryzen PRO PCs across their employee base,” she said, pointing to strong adoption at the world’s largest banks, automotive companies, and healthcare concerns. Big corporate buyers are often a source of bigger profits and/or steadier revenue, so AMD looks to be taking the cream off the top of the PC market rather than scrounging for SMB and retail scraps. Investors liked what they heard, sending AMD’s share price up by around five percent in after hours trading. ®