Have the tables turned? Why did AMD surge after its earnings report, while Intel (INTC) tanked?
It’s a striking turn of events. AMD, once Intel’s junior competitor, just reported impressive results for Q3 2026—far better than Intel’s.
Revenue totaled $13.38 billion, up 45% year over year. Adjusted earnings per share came in at $2.09, up 74%. Both figures beat market expectations.
But the most staggering growth came from its data center business, which brought in $8.55 billion in revenue, up a whopping 97% year over year! It now accounts for nearly 64% of the company’s total revenue.
So here’s the key question: if both AMD and Intel are growing, why did Intel tank?
Put simply, AMD used to compete with Intel mainly in CPUs. But we’ve now entered the age of computing power, where GPUs are far more valuable. AMD is now competing with Nvidia for a share of the AI computing market, giving it much broader growth prospects.
On top of that, Intel’s revenue guidance for next quarter came in below expectations, which is what led to this huge difference.
Qin thinks AMD’s results were solid but unspectacular, while Intel—down 60%—may be a better fit for long-term investors looking to build a position gradually. What do you think?
It’s a striking turn of events. AMD, once Intel’s junior competitor, just reported impressive results for Q3 2026—far better than Intel’s.
Revenue totaled $13.38 billion, up 45% year over year. Adjusted earnings per share came in at $2.09, up 74%. Both figures beat market expectations.
But the most staggering growth came from its data center business, which brought in $8.55 billion in revenue, up a whopping 97% year over year! It now accounts for nearly 64% of the company’s total revenue.
So here’s the key question: if both AMD and Intel are growing, why did Intel tank?
Put simply, AMD used to compete with Intel mainly in CPUs. But we’ve now entered the age of computing power, where GPUs are far more valuable. AMD is now competing with Nvidia for a share of the AI computing market, giving it much broader growth prospects.
On top of that, Intel’s revenue guidance for next quarter came in below expectations, which is what led to this huge difference.
Qin thinks AMD’s results were solid but unspectacular, while Intel—down 60%—may be a better fit for long-term investors looking to build a position gradually. What do you think?
