Overview
- At its New York analyst day, AMD forecast roughly 35% annual company growth and about 60% data‑center CAGR over the next three to five years, targeting more than $20 in EPS with 55%–58% gross margins and operating margins above 35%.
- Lisa Su said AMD is on a path to double‑digit share in AI accelerators and to more than 50% server CPU revenue share, raising its view of the data‑center opportunity to $1 trillion by 2030.
- The roadmap calls for MI450 GPUs and Helios rack‑scale systems ramping in 2026, MI500 in 2027, and an ongoing MI350 ramp that the company says is its fastest to date.
- Large agreements highlighted include OpenAI’s reported six‑gigawatt supply starting in 2026 with warrants for up to a 10% AMD stake, and Oracle’s plan to buy 50,000 chips beginning the same year.
- Shares rose 5%–8% as analysts lifted price targets, though reports stressed Nvidia’s entrenched lead and near‑term risks around execution, power and supply constraints, and the back‑loaded timing of deal revenue.