AMD Secures Major GPU Supply Deals and Reports Strong Data Center Revenue Growth
Advanced Micro Devices (NASDAQ:AMD) has secured two major agreements to supply GPUs, totaling six gigawatts each for Meta and OpenAI. AMD's Q1 FY2026 data center revenue surged by 57% year-over-year to $5.8 billion, contributing to total revenue of $10.253 billion—up 37.9%. The company also reported strong non-GAAP gross margins at 55%, up from the previous year.
Topics: AMD Data Center revenue GPU supply deals Meta OpenAI