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Advanced Micro Devices AMD Q1 2026 earnings

Reported May 5, 2026 · After market close

Revenue$10.3BBeat by $353.0M
EPS$0.84Miss by $0.46
Revenue estimate$9.9B
EPS estimate$1.30
“We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure, with Data Center now the primary driver of our revenue and earnings growth, We are seeing strong momentum as inferencing and agentic AI drive increasing demand for high-performance CPUs and accelerators. Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand. Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations and a growing pipeline of large-scale deployments providing us with increasing visibility into our growth trajectory.”
Dr. Lisa Su

Next report

Nov 3, 2026 (in a month)
Revenue estimate$13.0B
EPS estimate$1.90

Financials

Q1 2026

Income statement

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Revenue$10.3B+37.8%
Gross profit$5.4B+45.0%
Operating income$1.5B+83.1%
Net income$1.4B+95.1%
EPS (diluted)$0.84+90.9%

Balance sheet

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Cash & equivalents$5.6B-7.8%
Total debt$4.7B+0.3%
Total equity$64.5B+11.4%
Total assets$79.6B+11.3%

Cash flow

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Operating cash flow$3.0B+215%
CapEx$389.0M+83.5%
Free cash flow$2.6B+253%

Valuation & ratios

Valuation

as of 03/28/26
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Market cap$331.66B+99.7%
Enterprise value$330.82B+101%
P/E66.2×-8.4×
P/S8.9×+2.9×

Profitability

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Gross margin50.3%+0.2pp
Operating margin11.7%+2.0pp
Net margin13.4%+5.3pp
FCF margin22.9%+13.0pp

Returns & leverage

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Return on equity8.2%+4.3pp
Debt / equity0.1×0.0×
Current ratio2.7×-0.1×

Segments

By segment

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Data Center$5.8B+57.2%
Client and Gaming$3.6B+22.6%
Client$2.9B+25.8%
Embedded$873.0M+6.1%
Gaming$720.0M+11.3%

FAQ

When did Advanced Micro Devices report Q1 2026 earnings?
Advanced Micro Devices (AMD) reported Q1 2026 earnings on May 5, 2026 after market close.
What were Advanced Micro Devices's Q1 2026 revenue and EPS?
Advanced Micro Devices reported revenue of $10.3B and eps of $0.84 for Q1 2026.
Did Advanced Micro Devices beat estimates in Q1 2026?
Revenue beat the consensus estimate of $9.9B by $353.0M. EPS missed the consensus estimate of $1.30 by $0.46.
How did Advanced Micro Devices's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 37.8% from $7.4B a year earlier and eps declined 12.5% from $0.96.
Where can I find Advanced Micro Devices's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000002488-26-000072) and the 10-Q periodic report (0000002488-26-000076) directly on SEC EDGAR. The filing index links above go to sec.gov.