Advanced Micro Devices, Inc. · 2026 Q2
ReportedAug 4, 2026
Period endedJun 30, 2026
Rule of 40+64
Consensus vs reported
EPS · NON-GAAP
BEAT +2%
$1.66
vs $1.62 expected
QoQ—
YoY—
Revenue
BEAT +2%
$11.54B
vs $11.31B expected
QoQ+12.5%
YoY+50.1%
QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.
Reported this quarter
Revenue
$11.54B
QoQ +12.5%
YoY +50.1%
EPS
$1.38
QoQ +62.4%
YoY +155.6%
Free Cash Flow
$1.56B
QoQ -39.3%
YoY -9.9%
Gross Margin
53.8%
QoQ +1.0 pp
YoY +4.8 pp
FCF Margin
13.5%
QoQ -11.5 pp
YoY -9.0 pp
Each tile opens the full quarterly series. Download the numbers as CSV or JSON.
What we learned
- Revenue grew 50.1% — the first fifty-percent quarter since 2022 Q2, at $11,536M, with GAAP diluted EPS of $1.38 against $0.54.
- The gross margin give-back mostly reversed, but not fully. 53.77% recovers 0.95 of the 1.18 points lost in Q1; Q4 2025's 54.00% keeps the record .
- The cash half broke. Free-cash-flow margin fell to 13.5% , the lowest in five quarters, on capital expenditure that doubled — $1,558M of free cash flow against $2,566M the quarter before.
- Data centre is now the company. $6,718M, up 107% , and 58% of total revenue .
- The Rule of 40 rose while the business got worse at cash. 63.62 against 62.87 — growth carried it from 37.85 to 50.11 while the cash margin fell from 25.03 to 13.51. The score improved on one leg breaking.
Coverage around this release
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q3 | — | $0.47 | — |
| 2024 Q4 | — | $0.30 | — |
| 2025 Q1 | — | $0.44 | — |
| 2025 Q2 | — | $0.54 | — |
| 2025 Q3 | — | $0.75 | — |
| 2025 Q4 | — | $0.92 | — |
| 2026 Q1 | — | $0.85 | — |
| 2026 Q2 | $1.62 | $1.66 | +2% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Sources & downloads
Company
Published by the company on the day of the release.
HTML
Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 2488.
JSON
Company facts (XBRL)
Every figure AMD has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for 2026 Q2, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings