At its Analyst Day event held in New York on November 11, AMD unveiled its strategic roadmap for the next 3–5 years, marking the beginning of a new phase of accelerated growth for the company.
CEO Lisa Su stated that with AMD’s broad portfolio of high-performance and AI computing products and its deepening strategic partnerships, the company is “very, very well positioned” to compete in the next generation of high-end and AI computing markets.
On the financial front, AMD expects its overall revenue compound annual growth rate (CAGR) to exceed 35%, with its data center business targeting annual growth of over 60% in the next 3–5 years. In addition, the company projects its non-GAAP earnings per share to surpass 20 USD.
In the AI data center segment, AMD forecasts annual growth of more than 80%, clearly defining data centers and AI as the core drivers of its future expansion.
The market reacted strongly to this outlook. In trading on November 12, AMD’s share price rose more than 6% in pre-market trading. Investor enthusiasm is largely driven by the company’s emphasis on seemingly insatiable AI demand and its strategic positioning across data centers, server CPUs, GPUs and accelerators, as well as network silicon products.
On the product side, AMD highlighted that its Instinct MI350 series GPUs are among the fastest-growing products in the company’s history. It also plans to launch the Helios system equipped with MI450 series GPUs in 2026, and the MI500 series in 2027, further strengthening its competitiveness in the AI accelerator market.
In server CPUs, AMD continues to gain market share through its EPYC lineup. The next-generation Venice CPU is positioned to deliver both high performance and energy efficiency, aligning with the trend of convergence between AI workloads and general-purpose infrastructure.
Market commentary:
Despite AMD’s highly optimistic outlook, some investors remain cautious about potential risks. The market is widely focused on whether the AI investment boom could evolve into a bubble, as well as AMD’s execution challenges in areas such as product delivery, yield, and large-scale ramp-up.
