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How AMD makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 08/04/2026
AMD — Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. · Wikipedia
More about the company
It develops central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), system-on-chips (SoCs), and high-performance computer components. AMD serves a wide range of business and consumer markets, including personal computers (PCs), gaming, data centers, and embedded systems.
Key growth driver: Data Center — the fastest-growing revenue line: $6,718, +107% y/y. · by the Q2 2026 report
How does AMD make money?
AMD brought in $11.5 billion of revenue in Q2 2026, up 50.1% year over year. The largest source was Data Center: $6.72 billion, or 58% of the total, followed by Client ($3.06B, 27%) and Embedded ($977M, 8%); other lines add the remaining 7%. Net income for the quarter was $2.30 billion, up 163.4% year over year.
Revenue by source, Q2 2026
- Data Center$6.72B · 58% · +107%
- Client$3.06B · 27% · +23%
- Embedded$977M · 8% · +19%
- Gaming$779M · 7% · −31%
Shares of $11.5B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is AMD’s next earnings date?
Tuesday, November 3, 2026estimated
AMD has not confirmed the date yet; Nov 3, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $1.64 (15 analysts), vs $0.97 in the same quarter last year.
What time does AMD report? Usually after market close: the last 4 results releases reached the SEC at 4:16 pm, 4:16 pm, 4:16 pm, 4:16 pm ET.
Last report: Aug 4, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$11,536
+50.1%
Gross profit
$6,203
+102.8%
54.0% margin
Operating income
$1,990
+1585%
17.2% margin
Net income
$2,297
+163.4%
$1.38 diluted EPS
Verdict: an outstanding quarter with record $11.5B revenue (+50% y/y) and net income more than doubling to $2.3B, driven by Data Center revenue more than doubling on EPYC and Instinct demand, while Gaming remains a drag, down 31% y/y on weaker semi-custom sales.
OCF (continuing ops) $2,366M; capex $808M; free cash flow $1,558M (14% margin); no buybacks this quarter (repurchases $0 in Q2, $221M YTD); Q3'26 revenue guide ≈$13.0B ±$300M (+41% y/y), non-GAAP gross margin ≈56%.
Source and notation
* marks non-cash / ≈ estimated. Source: AMD press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
AMD earnings history: past report dates
| Aug 4, 2026 Tue | 4:16 pmafter market close | Jun 27, 2026 | $11.5B+50% y/y | $1.38+156% y/y |
| May 5, 2026 Tue | 4:16 pmafter market close | Mar 28, 2026 | $10.3B+38% y/y | $0.84+91% y/y |
| Feb 3, 2026 Tue | 4:16 pmafter market close | Dec 27, 2025 | ≈$10.3B+34% y/y | ≈$0.92+207% y/y |
| Nov 4, 2025 Tue | 4:16 pmafter market close | Sep 27, 2025 | $9.2B+36% y/y | $0.75+60% y/y |
| Aug 5, 2025 Tue | 4:16 pmafter market close | Jun 28, 2025 | $7.7B+32% y/y | $0.54+238% y/y |
| May 6, 2025 Tue | 4:16 pmafter market close | Mar 29, 2025 | $7.4B+36% y/y | $0.44+529% y/y |
| Feb 4, 2025 Tue | 4:17 pmafter market close | Dec 28, 2024 | ≈$7.7B+24% y/y | ≈$0.30−29% y/y |
| Oct 29, 2024 Tue | 4:16 pmafter market close | Sep 28, 2024 | $6.8B+18% y/y | $0.47+161% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
AMD: 5-year financials
| 2025 | 34,639 | 3,694 | 4,335 | 6,735 |
| 2024 | 25,785 | 1,900 | 1,641 | 2,405 |
| 2023 | 22,680 | 401 | 854 | 1,121 |
| 2022 | 23,601 | 1,264 | 1,320 | 3,115 |
| 2021 | 16,434 | 3,648 | 3,162 | 3,220 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
1.5/2mostly good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 2022AMD issued 429M shares with a fair value of $48.5B for Xilinx (an all-stock deal). sec.gov ↗
- Dec 2025Diluted shares rose 36% over 2020–2025 (a +28% jump in 2022); SBC of $1.64B = 4.7% of $34.6B revenue. data.sec.gov ↗
- Feb 2026In the 2025 10-K, AMD has a single share class; no shareholder suits or SEC investigations disclosed. sec.gov ↗
Scoring: 2.0 −0.5 (criterion 1: one-off deal-related dilution — Xilinx paid for with 429M shares in 2022, shares +36% over 5 years, at market; M&A cap −0.5) = 1.5
- Share classes
- Single class of common stock (2025 10-K cover).
- Dilution
- Diluted shares +36% over 2020–2025, almost entirely the 429M shares issued for Xilinx (02/2022) → −0.5 (M&A cap); SBC 4.7% of revenue.
- Disclosure
- Full US GAAP reporting: 10-K and 10-Q filed on EDGAR on time.
- Dividends
- No dividend, none promised; buybacks of $0.9–3.7B a year.
- Lawsuits & regulators
- The 2025 10-K lists no shareholder suits or SEC cases.
- Related parties
- No material related-party transactions disclosed in the 2026 proxy.
How the score works · checked as of Sep 2026
AMD earnings: FAQ
How does AMD make money?
AMD brought in $11.5 billion of revenue in Q2 2026, up 50.1% year over year. The largest source was Data Center: $6.72 billion, or 58% of the total, followed by Client ($3.06B, 27%) and Embedded ($977M, 8%); other lines add the remaining 7%. Net income for the quarter was $2.30 billion, up 163.4% year over year.
When is AMD's next earnings date?
AMD (AMD) has not confirmed the date yet; Nov 3, 2026 is an estimate based on its past reporting schedule.
What time does AMD report earnings?
AMD usually reports after market close: its latest results release was filed with the SEC at 4:16 pm ET on Aug 4, 2026.
When did AMD last report earnings?
AMD reported Q2 2026 results on Aug 4, 2026.
What is the EPS estimate for AMD's next earnings?
The consensus EPS forecast is $1.64 (15 analysts), vs $0.97 in the same quarter last year.
Where can I find AMD's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to AMD's filings; this page breaks the latest report down in a Sankey chart.
What was AMD's net income in Q2 2026?
AMD reported net income of $2,297M for Q2 2026 (+163.4% year over year), under US GAAP.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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