AMD

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AMD Reports Third Quarter 2026 Financial Results

AMD delivers record quarter as Data Center segment revenue grows 97% year-over-year, driven by record sales of AMD Instinct GPUs and AMD EPYC CPUs

SANTA CLARA, Calif. ― November 3, 2026 ― AMD (NASDAQ:AMD) today announced financial results for the third quarter of 2026. Third quarter revenue was $13.4 billion, gross margin was 54%, operating income was $2.8 billion, net income was $2.4 billion and diluted earnings per share was $1.46. On a non-GAAP(*) basis, gross margin was 56%, operating income was $3.9 billion, net income was $3.5 billion and diluted earnings per share was $2.09.

“We delivered a record quarter with revenue exceeding the high end of our guidance as Data Center segment sales nearly doubled year-over-year,” said Dr. Lisa Su, AMD chair and CEO. “Demand for our Instinct and EPYC products continued to strengthen, and we expect growth to accelerate further in the fourth quarter as we scale Helios and ‘Venice’ production. With our leadership product portfolio and deep customer and supply chain relationships, we are confident in our ability to sustain very strong revenue growth and expanding profitability over the coming years.”

“Third quarter revenue grew 45% year-over-year to a record $13.4 billion, while non-GAAP earnings per share grew 74%, demonstrating the significant operating leverage in our business model as our Data Center business drives scale,” said Jean Hu, AMD executive vice president, chief financial officer and treasurer. “Our fourth-quarter outlook reflects accelerating revenue and earnings growth, driven by strong demand across our Data Center portfolio.”

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GAAP Quarterly Financial Results

Q3'26Q3'25Y/YQ2'26Q/Q

Revenue ($M)$13,377$9,246 Up 45% $11,536 Up 16%

Gross profit ($M)$7,210$4,780 Up 51% $6,203 Up 16%

Gross margin54%52% Up 2 ppts 54% Flat

Operating expenses ($M)$4,378$3,510 Up 25% $4,213 Up 4%

Operating income ($M)$2,832$1,270 Up 123% $1,990 Up 42%

Operating margin21%14% Up 7 ppts 17% Up 4 ppts

Net income ($M)$2,428$1,243 Up 95% $2,297 Up 6%

Diluted earnings per share$1.46$0.75 Up 95% $1.38 Up 6%

Non-GAAP(*) Quarterly Financial Results

Q3'26Q3'25Y/YQ2'26Q/Q

Revenue ($M)$13,377$9,246 Up 45% $11,536 Up 16%

Gross profit ($M)$7,483$4,992 Up 50% $6,488 Up 15%

Gross margin56%54% Up 2 ppts 56% Flat

Operating expenses ($M)$3,560$2,754 Up 29% $3,394 Up 5%

Operating income ($M)$3,923$2,238 Up 75% $3,094 Up 27%

Operating margin29%24% Up 5 ppts 27% Up 2 ppts

Net income ($M)$3,471$1,965 Up 77% $2,760 Up 26%

Diluted earnings per share$2.09$1.20 Up 74% $1.66 Up 26%

Segment Summary

•Data Center segment revenue was a record $8.5 billion, up 97% year-over-year, driven by strong demand for AMD EPYC™ processors and the launch of AMD Instinct™ MI450 Series GPUs.

•Client and Gaming segment revenue was $3.7 billion, down 8% year-over-year. Client business revenue was $2.9 billion, up 7% year-over-year, driven by sales of AMD Ryzen™ mobile processors. Gaming business revenue was $773 million, down 40% year-over-year, due to lower semi-custom and graphics revenue.

•Embedded segment revenue was $1.1 billion, up 29% year-over-year, led by growth in aerospace and defense, automotive, communications and industrial end markets.

Recent Highlights

•AMD solutions and software are powering superintelligence infrastructure at scale:

◦Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure are running models and workloads on the first AMD Helios™ rackscale solutions, powered by AMD Instinct MI450 Series GPUs and 6th Gen AMD EPYC CPUs.

◦HPE announced that Vultr will deploy the first AMD Helios by HPE systems.

◦Oracle Cloud Infrastructure announced its OCI Compute E7 cloud compute instances will be powered by 6th Gen AMD EPYC CPUs, supporting enterprise applications and the CPU services surrounding models.

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◦AMD introduced the AMD Helion reference architecture, an open, flexible blueprint for building rack-scale agentic systems that lets customers configure the mix of CPUs and GPUs based on their workloads.

◦AMD ROCm™ 10 was released, bringing AI-native developer experiences to AMD platforms with ROCm.AI, along with performance improvements and updated libraries, compilers, frameworks, tools and model support.

◦The EuroHPC JU selected AMD Instinct MI430X GPUs and 6th Gen AMD EPYC processors to power the LUMI-AI supercomputer.

◦Google Cloud and Microsoft announced general availability of storage-optimized cloud instances powered by 5th Gen AMD EPYC CPUs.

•AMD is expanding its capabilities across the full superintelligence stack through strategic acquisitions:

◦AMD announced an agreement to acquire World Labs, bringing leading model research expertise to AMD to help shape superintelligence infrastructure and strengthen t

EX-99.1

2 q22026991.htm

EX-99.1

Document

NEWS RELEASE

Contact

Carolyn Guss

AMD Communications

corporate.pressinquiry@amd.com

Liz Stine

AMD Investor Relations

investor.relations@amd.com

AMD Reports Second Quarter 2026 Financial Results

SANTA CLARA, Calif. ― August 4, 2026 ― AMD (NASDAQ:AMD) today announced financial results for the second quarter of 2026. Second quarter revenue was $11.5 billion, gross margin was 54%, operating income was $2.0 billion, net income was $2.3 billion and diluted earnings per share was $1.38. On a non-GAAP(*) basis, gross margin was 56%, operating income was $3.1 billion, net income was $2.8 billion and diluted earnings per share was $1.66.

“We delivered an excellent quarter, with record revenue and profitability as Data Center revenue more than doubled year-over-year,” said Dr. Lisa Su, AMD chair and CEO. “We enter the second half with strong momentum as EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp. More broadly, 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.”

“Revenue increased 50% 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,” said Jean Hu, AMD executive vice president, chief financial officer and treasurer. “We expect Data Center sales to accelerate in the second half of 2026, driving stronger overall revenue growth and continued earnings expansion.”

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GAAP Quarterly Financial Results

Q2'26

Q2'25(1)

Y/Y(1)

Q1'26Q/Q

Revenue ($M)$11,536$7,685 Up 50% $10,253 Up 13%

Gross profit ($M)$6,203$3,059 Up 103% $5,416 Up 15%

Gross margin54%40% Up 14 ppts 53% Up 1 ppt

Operating expenses ($M)$4,213$3,193 Up 32% $3,940 Up 7%

Operating income ($M)$1,990$(134) Up 1585% $1,476 Up 35%

Operating margin17%(2)% Up 19 ppts 14% Up 3 ppts

Net income ($M)$2,297$872 Up 163% $1,383 Up 66%

Diluted earnings per share$1.38$0.54 Up 156% $0.84 Up 64%

(1) Q2’25 results included $800 million in inventory and related charges due to the U.S. Government's export control on AMD Instinct™ MI308 data center GPU products

Non-GAAP(*) Quarterly Financial Results

Q2'26

Q2'25(2)

Y/Y(2)

Q1'26Q/Q

Revenue ($M)$11,536$7,685 Up 50% $10,253 Up 13%

Gross profit ($M)$6,488$3,326 Up 95% $5,685 Up 14%

Gross margin56%43% Up 13 ppts 55% Up 1 ppt

Operating expenses ($M)$3,394$2,429 Up 40% $3,145 Up 8%

Operating income ($M)$3,094$897 Up 245% $2,540 Up 22%

Operating margin27%12% Up 15 ppts 25% Up 2 ppts

Net income ($M)$2,760$781 Up 253% $2,265 Up 22%

Diluted earnings per share$1.66$0.48 Up 246% $1.37 Up 21%

(2) Q2’25 results included $800 million in inventory and related charges due to the U.S. Government's export control on AMD Instinct™ MI308 data center GPU products

Segment Summary

•Data Center segment revenue was $6.7 billion, up 107% year-over-year, driven by strong demand for AMD EPYC™ processors and AMD Instinct™ GPUs.

•Client and Gaming segment revenue was $3.8 billion, up 6% year-over-year. Client business revenue was $3.1 billion, up 23% year-over-year, primarily driven by strong demand for AMD Ryzen™ processors. Gaming business revenue was $779 million, down 31% year-over-year, due to lower semi-custom revenue.

•Embedded segment revenue was $977 million, up 19% year-over-year, as demand strengthened across multiple end markets.

Recent Highlights

•AMD announced a broad portfolio of high-performance and AI computing solutions and strategic partnerships to accelerate AI deployments at scale:

◦Launched the AMD Helios™ rackscale solution, the world’s most powerful AI server rack. AMD Helios delivers leadership inference tokens per dollar and is being deployed by leading AI labs and cloud providers including Anthropic, Cirrascale, HUMAIN, Meta, Microsoft, OpenAI, Oracle, Tensorwave, Vultr and others.

◦Launched the AMD Instinct MI400 Series GPU family, including MI455X, bringing leadership compute, memory capacity and bandwidth for large-scale AI training and

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inference, and MI430X, the most advanced accelerator for HPC and sovereign AI workloads.

◦Introduced 6th Gen AMD EPYC server CPUs, built to deliver leadership performance across the full range of agentic AI, general-purpose and enterprise workloads.

◦Released ROCm.ai, an AI-native developer experience designed to help developers build, deploy and optimize faster across AMD platforms.

◦Announced a strategic partnership with Anthropic to deploy up to 2 gigawatts of MI450 Series GPUs in AMD Helios racks and a multiyear collaboration to optimize AMD Instinct GPUs and ROCm software development using Claude.

◦Expanded collaboration with Microsoft to deploy AMD Helios racks at scale on Azure to power frontier model inference. Azure will also add two ne

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