Highlights

  • AMD reported Q2 2026 revenue of $11.5 billion, up 50% year over year, with Data Centre segment revenue of $6.7 billion growing 107% as AI GPU demand for MI455X and MI430X accelerators expanded.
  • Client segment revenue of $3.1 billion grew 23% year over year, supported by Ryzen AI PC adoption and expanding share in notebooks with on-device AI processing requirements.
  • Non-GAAP diluted EPS of $1.66 reflected strong operating leverage across the company's AI-driven product portfolio, with Q3 2026 guidance of approximately $13 billion representing 19% sequential growth from Q2.
  • Anthropic committed to deploying 2GW of MI450 GPU infrastructure, one of the largest AI infrastructure commitments to AMD hardware, with additional hyperscale deployments expanding AMD's AI customer base.

Advanced Micro Devices (NASDAQ:AMD) reported second-quarter 2026 results that extended the company's position as the primary GPU alternative to NVIDIA for AI infrastructure deployments, with Data Centre revenue more than doubling year over year to $6.7 billion on demand for MI455X and MI430X AI accelerators. Total revenue of $11.5 billion, up 50% from $7.7 billion in Q2 2025, confirmed that AMD's multi-year investment in GPU architecture competitive with the leading AI training platforms is generating commercial adoption at hyperscale, and that the company is widening the revenue base that depends on AI workloads across both its GPU and CPU product lines.

Data Centre GPU Adoption Accelerates

Data Centre segment revenue of $6.7 billion, up 107% year over year, was the primary driver of AMD's Q2 2026 performance. The MI455X GPU, AMD's highest-performance AI accelerator for large language model training and inference, entered volume production and began shipping to hyperscale customers and sovereign AI programmes in Q2 2026. The MI430X, positioned for inference-intensive workloads at a lower power envelope, expanded AMD's addressable AI deployment scenarios beyond pure training.

Among the most significant customer commitments in the period, Anthropic announced a deployment plan calling for 2GW of MI450 GPU infrastructure — a multi-year commitment that validates AMD's roadmap and establishes AMD silicon as a primary compute substrate for one of the world's leading AI model developers. The combination of this landmark agreement with broader hyperscale adoption positions AMD's Data Centre GPU roadmap as a credible alternative to the market's dominant platform.

Client and Embedded Segment Performance

Client segment revenue of $3.1 billion grew 23% year over year, supported by the proliferation of Ryzen AI PC designs featuring AMD's integrated NPU (neural processing unit) for on-device AI tasks. The AI PC category, which requires local inference capability for Microsoft Copilot+, Adobe Firefly, and other AI-accelerated applications, has driven a sustained upgrade cycle in commercial PC procurement where AMD's Ryzen AI architecture is qualified by major PC OEMs.

Gaming segment revenue reflected the ongoing normalisation of consumer GPU demand following the prior period's extraordinary AI-driven channel dynamics, while Embedded segment revenue showed early signs of recovery from the inventory correction cycle that had weighed on the segment for several quarters. Management indicated that Embedded is expected to return to growth in the second half of fiscal 2026 as customer inventory levels normalise.

Launched MI455X and MI430X, Q3 Guidance Signals Continued Momentum

AMD formally launched the MI455X and MI430X during Q2 2026, completing the current-generation GPU product line with architectures targeting both large-scale training clusters and high-throughput inference deployments. Customer qualifications for both products were underway at multiple hyperscale operators at the time of the earnings release, with AMD characterising the pipeline as the strongest in its history for AI GPU products.

For Q3 2026, AMD guided revenue of approximately $13 billion, representing approximately 19% sequential growth from Q2's $11.5 billion and approximately 65% growth year over year. Non-GAAP gross margin guidance was set at approximately 54%, with non-GAAP EPS expected to be in the range of approximately $2.00. The Q3 guidance reflects expected ramp of MI455X volume shipments and sustained EPYC CPU demand in cloud and enterprise deployments.

Stock Price Information

Advanced Micro Devices (NASDAQ:AMD) traded at $154.58 on 29 October 2026, representing a gain of 4.32% on the day, on volume of 45.78 million shares.