During AMD's latest earnings call, chair and CEO Lisa Su said the company delivered a strong first half of 2025, with Client and Gaming segment revenue growing 68% year-over-year. She attributed the performance to a combination of elevated gaming demand, strong desktop channel sales, and expanding AI adoption, particularly driven by the popularity of AMD's X3D processors in the gaming market.
Su dismissed concerns that the second-quarter performance may have reflected pull-forward demand, stating that end-user consumption trends remained solid heading into the second half of the year. However, she noted that while growth is expected in the third quarter, it may be slightly below seasonal trends due to broader market uncertainties.
A significant driver of revenue growth in the Client segment was higher average selling prices, reflecting AMD's strategy of moving upmarket with its latest product offerings. Su acknowledged that AMD remains underrepresented in the enterprise PC segment but has started seeing improved momentum through partnerships with OEMs such as HP, Lenovo, and Dell—the latter beginning to ramp in the second quarter. These enterprise-focused initiatives are expected to fuel long-term growth beyond 2025.
MI355 GPU gains rapid traction
On the data center side, Su said AMD is seeing positive momentum with its MI355 GPU, which began volume production in June 2025. She projected a strong ramp from the second quarter to the third quarter, with continued growth into the fourth quarter. The MI355 is positioned to deliver both training and inference capabilities, competing directly with Nvidia's B200 and GB200 accelerators.
Compared to its predecessor, the MI300, the MI355 is gaining traction more rapidly, particularly in large-scale deployments. Su expressed optimism that the MI355 will play a significant role in AMD's AI strategy and revenue growth for the remainder of the year.
MI400 and Helios platform target 2026 launch
Looking further ahead, AMD's next-generation AI GPU—the MI400—is progressing toward a planned 2026 launch. Su said the MI400 Series will be the company's most advanced AI product to date, delivering up to 40 petaflops of FP4 AI performance, with a 50% increase in memory, bandwidth, and scalability over current competitive offerings.
The MI400 Series will power AMD's new full-stack AI platform called Helios, which is designed to connect up to 72 GPUs per rack into a single, massive AI accelerator. According to Su, Helios is expected to deliver a ten-fold generational performance improvement and aims to be the world's highest-performing AI system upon launch. AMD is already seeing strong interest from major customers for large-scale MI400 deployments.
Article edited by Jerry Chen
