内容来源：https://www.theverge.com/tech/975381/amd-q2-2026-earnings-ai-gaming-ryzen

内容总结：

受人工智能算力需求驱动，AMD最新财报显示，其数据中心业务营收同比增长超过一倍，达到67亿美元，高于第一季度的58亿美元，较去年同期的32亿美元猛增107%。在8月3日的财报电话会议上，AMD首席执行官苏姿丰表示，预计2027年数据中心业务营收还将实现同比翻倍以上的增长。

与数据中心业务的强劲表现形成对比，AMD游戏业务营收同比下降31%，至7.79亿美元。苏姿丰在财报发布后的电话会议中解释称，行业整体元器件成本上升推高了显卡价格，抑制了市场需求，导致游戏显卡营收同比下滑，Xbox Series X/S、PS5及Steam Deck等设备销售也受到涨价和元器件短缺的拖累。

AMD首席财务官让·胡在财报中表示，公司整体营收同比增长50%，达到创纪录的115亿美元，其中数据中心业务表现持续强劲，贡献了本季度58%的公司营收。受益于锐龙处理器销售，客户端业务营收同比增长23%，带动整体PC和游戏业务营收较去年同期增长6%。

苏姿丰表示，人工智能正推动所有市场对算力的需求显著扩大，公司的领先产品组合和不断提升的客户可见度，使其处于有利位置，能够抓住这一增长机遇，并在未来数年实现可观的营收和利润增长。

中文翻译：

受AI算力需求推动，AMD最新财报显示其数据中心业务营收同比翻倍有余，达到67亿美元。这一数字高于第一季度的58亿美元，较去年同期报告的32亿美元猛增107%。在周二的财报电话会议上，AMD首席执行官苏姿丰表示，公司预计“2027年数据中心部门营收也将同比翻倍以上”。

AMD数据中心业务蓬勃发展，游戏业务退居其次

公司数据中心营收已翻倍以上，达到67亿美元。

与此同时，AMD游戏业务营收较去年下降31%，降至7.79亿美元，原因是涨价和零部件短缺拖累了Xbox Series X/S、PS5以及Valve Steam Deck的销售。在财报发布后的电话会议上，苏姿丰告诉分析师：“游戏显卡营收也同比下滑，因为行业范围内零部件成本上升推高了显卡价格，从而抑制了整体需求。”

AMD首席财务官让·胡表示：“营收同比增长50%，达到创纪录的115亿美元，这得益于我们数据中心业务的持续强劲表现，该业务在本季度占公司总营收的58%。”其整体PC和游戏业务营收较去年增长6%，其中客户端业务营收因锐龙处理器销售而增长23%。

AMD首席执行官苏姿丰表示：“人工智能正在推动我们所有市场对计算需求的显著扩张，我们领先的产品组合和不断增强的客户可见度使我们处于极佳位置，能够抓住这一不断扩大的机遇，在未来几年实现可观的营收和盈利增长。”

更新，8月4日：补充了AMD财报电话会议的内容。

英文来源：

Driven by demand for AI capacity, AMD’s data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That’s up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago. During Tuesday’s earnings call, AMD CEO Lisa Su said the company expects “data center segment revenue to more than double year-over-year in 2027,” as well.
AMD’s data center business is booming while gaming takes a backseat
The company’s data center revenue has more than doubled, hitting $6.7 billion.
The company’s data center revenue has more than doubled, hitting $6.7 billion.
At the same time, AMD’s gaming revenue fell 31 percent compared to last year, to $779 million, as price hikes and component shortages slowed sales for the Xbox Series X / S, PS5, and Valve’s Steam Deck. On a call after the earnings were released, Su told analysts that, “Gaming graphics revenue also declined year-over-year, as higher industry-wide component costs contributed to higher graphics card prices and weighed on overall demand.”
“Revenue increased 50 percent year-over-year to a record $11.5 billion, driven by continued strength in our Data Center business, which represented 58% of company revenue in the quarter,” wrote AMD CFO Jean Hu. Its overall PC and gaming business revenue grew six percent compared to last year, with Client revenue up 23 percent thanks to Ryzen processor sales.
“AI is driving a significant expansion in demand for compute across all of our markets, and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead,” said AMD CEO Lisa Su.
Update, August 4th: Added comments from AMD’s earnings call.