By Alex Sirois
Publication Date: 2026-10-14 11:15:00
AMD just posted record Data Center revenue and claims its Helios racks deliver cheaper tokens than anything NVIDIA sells. Whether that disrupts the world’s most dominant AI platform or just keeps hyperscalers from paying full price is the question every…
AMD (NASDAQ:AMD | AMD Price Prediction) and NVIDIA (NASDAQ:NVDA) both reported summer quarters showing AI demand lifting everything it impacts. AMD posted record revenue as its Data Center sales more than doubled. NVIDIA grew even faster from a far larger base. Are AMD’s Helios racks a real threat to NVIDIA’s platform, or do they mainly give buyers leverage on price?
Helios Is AMD’s Opening Shot While Vera Rubin Already Ships
AMD’s revenue rose 50.1% to $11.54B. Data Center sales reached $6.72B, or 58% of revenue, so AMD now runs mostly as a server company. EPYC delivered a fifth consecutive quarter of record server CPU revenue. Lisa Su said “Customer pull for Helios is very strong and tracking ahead of our initial forecasts.”
NVIDIA’s Data Center unit produced $89.02B, up 117%. Networking alone brought in $40.31B, more than AMD’s entire quarterly revenue. That shows how much of the rack NVIDIA already controls.
| Business Driver | AMD | NVIDIA |
|---|---|---|
| Main Growth Engine | EPYC CPUs, Instinct MI350 | Blackwell Ultra, networking |
| Next Platform | Helios, shipping from Q3 | Vera Rubin, in full production |
| Non-GAAP Gross Margin | 56% | 75.0% |
| Next-Quarter Revenue Guide | ~$13B | $108B +/- 2% |
