AMD’s record quarter shows strength in client and AI, as Ryzen leads the charge — but data center dominance could be out of reach

AMD has posted its highest quarterly revenue to date, booking $9.2 billion for Q3 2025. The company broke records in both its client and data center segments, with the Ryzen 7 9800X3D powering a rebound in consumer sales, and the Instinct MI300 series finally achieving meaningful volume.

But while the company’s margins are up and guidance looks stable, AMD also flagged major risks in its data center business — from export constraints and packaging bottlenecks, to a potentially seismic shift in how…