Key Highlights

● Second-quarter 2026 Revenue was a record $11.5 billion, up 50% year on year.

● Data Center revenue rose 107% to $6.7 billion, about 58% of the total.

● AMD announced a Partnership with Anthropic to deploy up to 2 gigawatts of MI450 GPUs.

● Third-quarter revenue is guided to about $13.0 billion, plus or minus $300 million.

Latest verified development: record second-quarter revenue

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.

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, 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 (NASDAQ:MSFT), OpenAI, Meta (NASDAQ:META) and Oracle (NYSE:ORCL) among partners associated with Helios deployments. Those are statements of intent and deployment programmes.

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%.

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, so the guide implies another step up of similar size.

MI400 and Helios ramps against the third-quarter guide

AMD was added to the S&P 500 on 20 March 2017. index membership affects passive-fund holdings but says nothing about company fundamentals.

The $13.0 billion guide, 13% above the second quarter, depends on the MI400 and Helios ramps arriving on schedule, since Data Center already supplies about 58% of revenue.