This is bad news for Intel, but for AMD, it is added business opportunities. In a press statement, AMD said that for the third quarter of 2020, it expects revenue to be approximately $2.55 billion, plus or minus $100 million, an increase of approximately 42 percent year-over-year and 32 percent sequentially. The year-over-year and sequential increases are expected to be primarily driven by Ryzen and EPYC processor sales and next-generation semi-custom products. AMD expects non-GAAP gross margin to be approximately 44 percent in the third quarter of 2020.