Advanced Micro Devices (AMD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 04, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.34

Last Year’s EPS

0.41

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 35 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a strongly positive operational and financial inflection driven by Data Center and AI demand: substantial revenue growth (38% YoY), record free cash flow, robust EPYC and Instinct momentum and upgraded TAM/growth outlooks. Notable near-term risks include gross margin dilution from GPU ramp, higher operating expenses, memory/component cost headwinds affecting PC and gaming demand, and supply-chain/build-out constraints. Management expressed confidence in supply partnerships, customer engagements, and the product roadmap, and provided strong guidance for Q2 and H2 ramps.

Company Guidance

AMD guided second-quarter FY2026 revenue of approximately $11.2 billion ± $300 million (midpoint up ~46% year‑over‑year, roughly +9% sequentially), called out server CPU revenue to grow >70% year‑over‑year in Q2 with double‑digit growth in both Data Center AI and Embedded, and said Client & Gaming should grow year‑over‑year and outperform the market; they expect non‑GAAP gross margin of ~56%, non‑GAAP operating expenses of about $3.3 billion, non‑GAAP other income of ~+$60 million, a non‑GAAP effective tax rate of 13% and a diluted share count of ~1.66 billion. Looking further out, AMD reiterated a strong H2 ramp for MI450/Helios (shipments and production ramp in H2), forecasted “tens of billions” of Data Center AI revenue in 2027 with confidence to exceed their >80% long‑term AI growth target, raised the server CPU TAM outlook to >$120 billion by 2030 (CAGR >35%), and reiterated a path to deliver >$20 in EPS over the strategic time frame.

Strong Overall Financial Performance

Revenue of $10.3B, up 38% year-over-year and above the high end of guidance; diluted non-GAAP EPS $1.37, up 43% year-over-year; operating income $2.5B (25% margin).

Record Free Cash Flow and Strong Cash Position

Record free cash flow of $2.6B (more than tripled), representing ~25% of revenue; $3.0B cash from operations; cash, cash equivalents and short-term investments of $12.3B.

Data Center: Record Revenue and Rapid Growth

Data Center revenue hit a record $5.8B, up 57% year-over-year and up 7% sequentially; Data Center operating income $1.6B (28% of revenue, vs $932M or 25% year ago).

Server CPU Momentum and EPYC Share Gains

Server CPU revenue grew >50% year-over-year with fourth consecutive quarter of record server CPU revenue; EPYC-powered cloud instances increased nearly 50% YoY to >1,600; management expects server CPU revenue to grow >70% YoY in Q2.

Data Center AI Traction and Strategic Partnerships

Significant double-digit YoY growth in Data Center AI revenue; expanded strategic partnerships (notably Meta up to 6GW of Instinct GPUs and OpenAI engagement); MI450 sampling begun and Helios ramp planned in H2 with strengthened customer forecasts and multi-gigawatt opportunities.

Product Roadmap & TAM Upside

Announced sixth-gen EPYC Venice (Zen 6, 2nm) including AI-optimized Verano CPU; raised server CPU TAM expectation to >35% CAGR to >$120B by 2030 (up from prior ~$60B view).

Client, Gaming and Embedded Growth

Client & Gaming revenue $3.6B, up 23% YoY; Client revenue $2.9B, up 26% YoY with commercial Ryzen Pro sell-through +50% YoY; Gaming revenue $720M, up 11% YoY; Embedded revenue $873M, up 6% YoY with double-digit design win momentum.

Improving Margins and Positive Near-Term Guidance

Reported gross margin 55%, up 170 basis points YoY; Q2 non-GAAP gross margin guided to ~56%; Q2 revenue guide ~$11.2B ± $300M (mid-point +46% YoY).

Advanced Micro Devices (DE:AMD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:AMD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2026	2026 (Q2)	1.34 / -	0.408	―	―	―
May 05, 2026	2026 (Q1)	1.10 / 1.16	0.816	42.71% (+0.35)
Feb 03, 2026	2025 (Q4)	1.12 / 1.30	0.927	40.37% (+0.37)
Nov 04, 2025	2025 (Q3)	1.00 / 1.02	0.782	30.43% (+0.24)
Aug 05, 2025	2025 (Q2)	0.41 / 0.41	0.587	-30.43% (-0.18)
May 06, 2025	2025 (Q1)	0.80 / 0.82	0.527	54.84% (+0.29)
Feb 04, 2025	2024 (Q4)	0.92 / 0.93	0.655	41.56% (+0.27)
Oct 29, 2024	2024 (Q3)	0.78 / 0.78	0.595	31.43% (+0.19)
Jul 30, 2024	2024 (Q2)	0.58 / 0.59	0.493	18.97% (+0.09)
Apr 30, 2024	2024 (Q1)	0.52 / 0.53	0.51	3.33% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:AMD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 05, 2026	€301.15	€354.55	+17.73%
Feb 03, 2026	€207.45	€172.32	-16.93%
Nov 04, 2025	€222.25	€219.00	-1.46%
Aug 05, 2025	€150.20	€138.30	-7.92%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.