Highlights

  • Advanced Micro Devices, Inc. (Nasdaq: AMD) reported second-quarter 2026 results on 4 August 2026, for the quarter ended 27 June.
  • Data Center revenue was $6.7 billion, up 107% year on year and about 58% of the total.
  • These included the launch of the Helios rack-scale AI solution and the Instinct MI400 Series accelerators, alongside sixth-generation EPYC server processors.
  • For the third quarter AMD guided to revenue of about $13.0 billion, plus or minus $300 million, which the company says is roughly 41% above the prior year and 13% above the second quarter.

Advanced Micro Devices, Inc. (NASDAQ:AMD) reported second-quarter 2026 results on 4 August 2026, for the quarter ended 27 June. Revenue was a record $11.5 billion, up 50% year on year and 13% sequentially. GAAP net income was $2.3 billion, or $1.38 per diluted share; non-GAAP net income was $2.8 billion, or $1.66 per share. GAAP gross margin was 54% and non-GAAP gross margin 56%.

Chief executive Dr Lisa Su described an excellent quarter with record revenue and profitability, driven by growth in the Data Center segment. The reviewed material identified no later earnings release during research; the next report is listed by a third-party calendar as confirmed for 3 November 2026, which The reviewed material did not verify on AMD's own site.

Segment performance

Data Center revenue was $6.7 billion, up 107% year on year and about 58% of the total. Client and Gaming revenue was $3.8 billion, up 6%, with Client up 23% to $3.1 billion and Gaming down 31% to $779 million. Embedded revenue was $977 million, up 19%.

The mix shows how far the group's centre of gravity has moved: more than half of revenue now comes from one segment, while consumer gaming is shrinking. A 107% increase implies year-ago Data Center revenue of roughly $3.2 billion, my own back-calculation from the rounded figures, so the segment added roughly $3.5 billion in twelve months, against total company growth of about $3.8 billion on the same basis. On those approximations, Data Center accounted for roughly nine-tenths of the increase.

Product and partnership announcements

The results release cited a series of product and commercial milestones. These included the launch of the Helios rack-scale AI solution and the Instinct MI400 Series accelerators, alongside sixth-generation EPYC server processors. The company also announced a partnership with Anthropic to deploy up to 2 gigawatts of MI450 Series GPUs, a collaboration with Cerebras and the acquisition of MEXT.

The release names Anthropic, Microsoft, OpenAI, Meta and Oracle among partners associated with Helios deployments. Those are statements of intent and deployment programmes, and the timing and size of any resulting revenue are not specified in the figures I reviewed.

Guidance

For the third quarter AMD guided to revenue of about $13.0 billion, plus or minus $300 million, which the company says is roughly 41% above the prior year and 13% above the second quarter at the midpoint. It expects non-GAAP gross margin of about 56%, operating expenses of $3.65 billion and an effective tax rate of 13%. These are management forecasts, not reported results.

A guided margin of 56% would be flat with the second quarter's non-GAAP level, meaning the guidance implies revenue growth without a further margin step-up. Back-calculating from the 13% sequential growth, first-quarter revenue was roughly $10.2 billion, a calculation from the reported figures, so the guide implies another step up of similar size; the first-quarter release should be checked directly.

Share price, index membership and what to watch

StockAnalysis.com recorded AMD closing at $562.23 on Thursday 15 October 2026, down 1.5% from $570.82 on 14 October, which itself was down 5.7% from $605.53 on 13 October. By my arithmetic the shares closed about 7% lower over the two sessions. The reviewed material did not identify a company announcement explaining the decline and this article attributes it to no cause.

AMD appears as a constituent of the S&P 500 in the Wikipedia constituent list, added on 20 March 2017, and in Slickcharts' S&P 500 table. Slickcharts also lists it in the Nasdaq-100; I treat that as secondary, uncorroborated evidence. Index membership affects passive-fund holdings but says nothing about company fundamentals.

Items to watch include timely delivery of the MI400 and Helios ramps, the third-quarter result against the roughly $13 billion guide, and gross margin trends.