OpenNashEarnings

Semiconductors · Nasdaq: AMD

AMD earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 2 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

AMD reported third quarter 2026 revenue of $13.4 billion, gross margin of 54%, operating income of $2.8 billion, net income of $2.4 billion and diluted earnings per share of $1.46, or $2.09 on a non-GAAP basis.

AMD had the biggest and most profitable quarter in its history. Revenue rose 45% to $13.4 billion, led by Data Center, which grew 97% to $8.5 billion on record EPYC server chips and the first Instinct MI450 GPU shipments. Embedded grew 29%, while Client and Gaming fell 8%. Non-GAAP earnings per share rose 74% to $2.09. GAAP earnings per share of $1.46 absorbed a $1.1 billion non-cash warrant charge.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗

Quarters

KPI history

Revenue$13.4B+44.7% y/yQ3 2026
Q4 2024: $7.7B (worked out from the annual figure)Q4 ’24$7.7BQ1 2025: $7.4BQ1 ’25$7.4BQ2 2025: $7.7BQ2 ’25$7.7BQ3 2025: $9.2BQ3 ’25$9.2BQ4 2025: $10.3B (worked out from the annual figure)Q4 ’25$10.3BQ1 2026: $10.3BQ1 ’26$10.3BQ2 2026: $11.5BQ2 ’26$11.5BQ3 2026: $13.4BQ3 ’26$13.4B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$7.7B *
Q1 2025$7.4B
Q2 2025$7.7B
Q3 2025$9.2B
Q4 2025$10.3B *
Q1 2026$10.3B
Q2 2026$11.5B
Q3 2026$13.4B
Diluted EPS (GAAP)$1.46+94.7% y/yQ3 2026
Q1 2025: $0.44Q1 ’25$0.44Q2 2025: $0.54Q2 ’25$0.54Q3 2025: $0.75Q3 ’25$0.75Q1 2026: $0.84Q1 ’26$0.84Q2 2026: $1.38Q2 ’26$1.38Q3 2026: $1.46Q3 ’26$1.46
Data
Q1 2025$0.44
Q2 2025$0.54
Q3 2025$0.75
Q1 2026$0.84
Q2 2026$1.38
Q3 2026$1.46

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin21.2%+7.5 pts y/yQ3 2026
Q4 2024: 11.4%Q4 ’2411.4%Q1 2025: 10.8%Q1 ’2510.8%Q2 2025: -1.7%Q2 ’25-1.7%Q3 2025: 13.7%Q3 ’2513.7%Q4 2025: 17.1%Q4 ’2517.1%Q1 2026: 14.4%Q1 ’2614.4%Q2 2026: 17.3%Q2 ’2617.3%Q3 2026: 21.2%Q3 ’2621.2%
Data
Q4 202411.4%
Q1 202510.8%
Q2 2025-1.7%
Q3 202513.7%
Q4 202517.1%
Q1 202614.4%
Q2 202617.3%
Q3 202621.2%
Free cash flow$554.0M−70.9% y/yQ3 2026
Q4 2024: $1.1BQ4 ’24$1.1BQ1 2025: $727.0MQ1 ’25$727.0MQ2 2025: $1.7BQ2 ’25$1.7BQ3 2025: $1.9BQ3 ’25$1.9BQ4 2025: $2.4BQ4 ’25$2.4BQ1 2026: $2.6BQ1 ’26$2.6BQ2 2026: $1.6BQ2 ’26$1.6BQ3 2026: $554.0MQ3 ’26$554.0M
Data
Q4 2024$1.1B
Q1 2025$727.0M
Q2 2025$1.7B
Q3 2025$1.9B
Q4 2025$2.4B
Q1 2026$2.6B
Q2 2026$1.6B
Q3 2026$554.0M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$7.7Bd$7.4B$7.7B$9.2B$10.3Bd$10.3B$11.5B$13.4B
Gross margin50.7%50.2%39.8%51.7%54.3%52.8%53.8%53.9%
Operating income$871.0Md$806.0M-$134.0M$1.3B$1.8Bd$1.5B$2.0B$2.8B
Operating margin11.4%10.8%-1.7%13.7%17.1%14.4%17.3%21.2%
Net income$482.0Md$709.0M$872.0M$1.2B$1.5Bd$1.4B$2.3B$2.4B
Diluted EPS—$0.44$0.54$0.75—$0.84$1.38$1.46
Operating cash flow$1.3Bd$939.0M$2.0Bd$2.2Bd$2.6Bd$3.0B$2.4Bd$1.2Bd
Capital expenditure$208.0Md$212.0M$282.0Md$258.0Md$222.0Md$389.0M$808.0Md$648.0Md
Free cash flow$1.1B$727.0M$1.7B$1.9B$2.4B$2.6B$1.6B$554.0M
R&D expense$1.7Bd$1.7B$1.9B$2.1B$2.3Bd$2.4B$2.5B$2.8B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings