AMD expects to outsell Intel for the first time after record quarter

AMD expects to outsell Intel for the first time in a quarter, forecasting about $17 billion in revenue, following record third-quarter results driven by a 97% surge in data center sales. Revenue rose 45% to $13.4 billion in the quarter ending September 26, beating Wall Street estimates. Data center revenue hit a record $8.5 billion, about 64% of total, while gaming sales fell 40% to $773 million. Intel forecasts $15-16 billion for the same period. Operating income more than doubled to $2.8 billion, though free cash flow fell to $554 million due to inventory and capital spending. AMD expects data centers to exceed 80% of revenue over time, with CEO Lisa Su projecting over 80% growth next year.