Advanced Micro Devices (AMD) delivered record Q2 revenue of $11.5B, with Data Center revenue up 107% YoY to $6.7B, now 58% of total sales. Q3 guidance of $13B revenue and 56% gross margin signals ongoing Data Center momentum, with management projecting Data Center sales to more than double in 2027. Margins remain robust despite rising capex: Q2 non-GAAP gross margin was 56%, and free cash flow reached $1.56B, supported by a strong balance sheet.