--- title: "AMD | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 11.54 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294871221.md" datetime: "2026-08-04T20:52:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294871221.md) - [en](https://longbridge.com/en/news/294871221.md) - [zh-HK](https://longbridge.com/zh-HK/news/294871221.md) generator: "portal-rs" --- # AMD | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 11.54 B Revenue: As of FY2026 Q2, the actual value is USD 11.54 B, beating the estimate of USD 11.31 B. EPS: As of FY2026 Q2, the actual value is USD 1.38, beating the estimate of USD 1.0503. EBIT: As of FY2026 Q2, the actual value is USD 2.027 B. ### GAAP Financial Performance (Q2 2026) #### Gross Profit Advanced Micro Devices, Inc. reported a Gross Profit of $6,203 million, marking a 103% increase year-over-year (Y/Y) from $3,059 million in Q2 2025, and up 15% quarter-over-quarter (Q/Q) from $5,416 million in Q1 2026. #### Gross Margin Gross Margin was 54%, a 14 percentage point (ppt) increase Y/Y from 40% in Q2 2025, and up 1 ppt Q/Q from 53% in Q1 2026. #### Operating Expenses Operating Expenses were $4,213 million, up 32% Y/Y from $3,193 million in Q2 2025, and up 7% Q/Q from $3,940 million in Q1 2026. #### Operating Income Operating Income was $1,990 million, a significant increase of 1,585% Y/Y from an operating loss of -$134 million in Q2 2025, and up 35% Q/Q from $1,476 million in Q1 2026. #### Operating Margin Operating Margin was 17%, a 19 ppts increase Y/Y from -2% in Q2 2025, and up 3 ppts Q/Q from 14% in Q1 2026. #### Net Income Net Income was $2,297 million, up 163% Y/Y from $872 million in Q2 2025, and up 66% Q/Q from $1,383 million in Q1 2026. ### Non-GAAP Financial Performance (Q2 2026) #### Gross Profit Non-GAAP Gross Profit was $6,488 million, up 95% Y/Y from $3,326 million in Q2 2025, and up 14% Q/Q from $5,685 million in Q1 2026. #### Gross Margin Non-GAAP Gross Margin was 56%, up 13 ppts Y/Y from 43% in Q2 2025, and up 1 ppt Q/Q from 55% in Q1 2026. #### Operating Expenses Non-GAAP Operating Expenses were $3,394 million, up 40% Y/Y from $2,429 million in Q2 2025, and up 8% Q/Q from $3,145 million in Q1 2026. #### Operating Income Non-GAAP Operating Income was $3,094 million, up 245% Y/Y from $897 million in Q2 2025, and up 22% Q/Q from $2,540 million in Q1 2026. #### Operating Margin Non-GAAP Operating Margin was 27%, up 15 ppts Y/Y from 12% in Q2 2025, and up 2 ppts Q/Q from 25% in Q1 2026. #### Net Income Non-GAAP Net Income was $2,760 million, up 253% Y/Y from $781 million in Q2 2025, and up 22% Q/Q from $2,265 million in Q1 2026. ### Segment Results (Q2 2026) #### Data Center Segment Net Revenue was $6,718 million, up 107% Y/Y from $3,240 million in Q2 2025, and up 16% Q/Q from $5,775 million in Q1 2026. Operating Income was $2,103 million, a significant increase of 1,457% Y/Y from an operating loss of -$155 million in Q2 2025, and up 32% Q/Q from $1,599 million in Q1 2026. #### Client & Gaming Segment Net Revenue was $3,841 million, up 6% Y/Y from $3,621 million in Q2 2025, and up 7% Q/Q from $3,605 million in Q1 2026. Operating Income was $582 million, a decrease of 24% Y/Y from $767 million in Q2 2025, but up 1% Q/Q from $575 million in Q1 2026. Client business revenue was $3.1 billion, up 23% Y/Y, while Gaming business revenue was $779 million, down 31% Y/Y. #### Embedded Segment Net Revenue was $977 million, up 19% Y/Y from $824 million in Q2 2025, and up 12% Q/Q from $873 million in Q1 2026. Operating Income was $386 million, up 40% Y/Y from $275 million in Q2 2025, and up 14% Q/Q from $338 million in Q1 2026. ### Balance Sheet and Cash Flow (Q2 2026) #### Cash, Cash Equivalents and Short-term Investments Totaled $13,111 million, up 6% Q/Q from $12,347 million in Q1 2026, and up from $5,867 million as of June 28, 2025. #### Accounts Receivable, Net Accounts Receivable, Net was $7,281 million, up 21% Q/Q from $6,035 million in Q1 2026. #### Inventories Inventories were $8,468 million, up 5% Q/Q from $8,045 million in Q1 2026. #### Total Debt Total Debt remained flat at $3,226 million compared to Q1 2026, and was $3,226 million as of June 27, 2026, compared to $3,218 million as of June 28, 2025. #### Net Cash Provided by Operating Activities GAAP net cash provided by operating activities of continuing operations was $2,366 million, with an operating cash flow margin of 21%. This is compared to $1,462 million in Q2 2025 for continuing operations, and $2,011 million for net cash provided by operating activities in Q2 2025. #### Free Cash Flow Free cash flow was $1,558 million, resulting in a free cash flow margin of 14%. This is compared to $1,180 million in Q2 2025. ### Other Key Data (Q2 2026) #### Adjusted EBITDA Adjusted EBITDA was $3,315 million in Q2 2026, compared to $1,086 million in Q2 2025. #### Capital Expenditures Capital expenditures were $808 million in Q2 2026, compared to $282 million in Q2 2025. #### Total Assets Total assets were $84,464 million as of June 27, 2026, compared to $74,820 million as of June 28, 2025. ### Outlook (Q3 2026 - Non-GAAP) For the third quarter of 2026, Advanced Micro Devices, Inc. expects revenue to be approximately $13 billion, with a variability of plus or minus $300 million. The company anticipates a non-GAAP gross margin of approximately 56% and operating expenses of about $3.65 billion. Other income (expense) net of interest expense is projected to be around $55 million, with an effective tax rate of 13% of pre-tax income. ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) ## Related News & Research - [AMD CFO Delivers Bullish Update That Investors Will Want to Hear](https://longbridge.com/en/news/303331152.md) - [13,995 Advanced Micro Devices, Inc. $AMD Shares Purchased by Partners Wealth Management LLC](https://longbridge.com/en/news/303728967.md) - [Advanced Micro Devices' Meta Platforms Partnership Goes Beyond a $1 Billion Investment](https://longbridge.com/en/news/303761794.md) - [Why Meta Platform's $100 Billion Financing Plan Is A Boon for Chip Giant Broadcom](https://longbridge.com/en/news/303582232.md) - [Why AMD's Supply Crunch Could Be Good News for Its Stock](https://longbridge.com/en/news/301472485.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**