AMD just reported Q1 2026 earnings, and the CPU revival trend is consistent with what TrendForce outlined in early April.

Revenue came in at $10.3 billion (+38% YoY), with Data Center at $5.8 billion (+57% YoY). CEO Lisa Su was direct on the demand driver: "We are seeing strong momentum as inferencing and agentic AI drive increasing demand for high-performance CPUs and accelerators."

On the CPU:GPU ratio, Su put concrete numbers on the shift:

In the past, the CPU-to-GPU ratio was primarily just as a host node in like a 1-to-4 or 1-to-8 configuration. Now it is changing and getting closer to a 1-to-1 configuration. You can even imagine if you get lots and lots of agents that you could have more CPUs than GPUs.

AMD also revised its server CPU TAM forecast from 18% to greater than 35% annually, reaching over $120 billion by 2030, fueled by "the structural increase in CPU compute requirements driven by Agentic AI."

Intel told the same story on its Q1 earnings call. CEO Lip-Bu Tan stated: "The CPU is reinserting itself as the indispensable foundation of the AI era." Intel expects "a strong year of double-digit unit growth" for server CPUs, with momentum extending into 2027.

The signal is consistent. The CPU is no longer a supporting character in the Agentic AI age.

For a deeper dive, see TrendForce's report: pse.is/92c65d