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Advanced Micro Devices AMD Q2 2026 earnings

Reported August 4, 2026 · After market close

Revenue$11.5BBeat by $226.4M
Adjusted EPS$1.66Beat by $0.05
Revenue estimate$11.3B
EPS estimate$1.61
“We delivered an excellent quarter, with record revenue and profitability as Data Center revenue more than doubled year-over-year. 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.”
Dr. Lisa Su

Next report

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

Financials

Q2 2026

Income statement

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Revenue$11.5B+50.1%
Gross profit$6.2B+103%
Operating income$2.0B+1,585%
Net income$2.3B+163%
EPS (diluted)$1.38+156%

Balance sheet

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Cash & equivalents$5.1B+14.2%
Total debt$5.2B+32.6%
Total equity$67.2B+12.7%
Total assets$84.5B+12.9%

Cash flow

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Operating cash flow$2.4B+17.7%
CapEx$808.0M+187%
Free cash flow$1.6B-9.9%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$1.01T+265%
Enterprise value$1.01T+265%
P/E156.2×+72.9×
P/S24.3×+15.7×

Profitability

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Gross margin53.2%+5.6pp
Operating margin15.7%+8.0pp
Net margin15.6%+6.0pp
FCF margin20.3%+6.7pp

Returns & leverage

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Return on equity10.1%+5.3pp
Debt / equity0.1×0.0×
Current ratio2.6×+0.1×

Segments

By segment

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Data Center$6.7B+107%
Client and Gaming$3.8B+6.1%
Client$3.1B+22.5%
Embedded$977.0M+18.6%
Gaming$779.0M-30.6%

FAQ

When did Advanced Micro Devices report Q2 2026 earnings?
Advanced Micro Devices (AMD) reported Q2 2026 earnings on August 4, 2026 after market close.
What were Advanced Micro Devices's Q2 2026 revenue and EPS?
Advanced Micro Devices reported revenue of $11.5B and adjusted eps of $1.66 for Q2 2026.
Did Advanced Micro Devices beat estimates in Q2 2026?
Revenue beat the consensus estimate of $11.3B by $226.4M. EPS beat the consensus estimate of $1.61 by $0.05.
How did Advanced Micro Devices's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 50.1% from $7.7B a year earlier.
Where can I find Advanced Micro Devices's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000002488-26-000121) and the 10-Q periodic report (0000002488-26-000123) directly on SEC EDGAR. The filing index links above go to sec.gov.