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Advanced Micro Devices (AMD)
NASDAQ:AMD
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.27Last Year’s EPS
0.96Same Quarter Last Year
Strong Buy
Based on 32 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong, broad-based operational and financial momentum with multiple record metrics (revenue, EPS, operating income, free cash flow), significant data center and Ryzen share gains, and a clear AI product and software roadmap. Management acknowledged near-term items that temper comparability (one-time MI308 China revenue and inventory reserve release), and signaled a meaningful decline in semi-custom console revenue in 2026 plus elevated OpEx as they invest for growth. Overall, the positive drivers and growth visibility materially outweigh the identified challenges.Company Guidance
Record Annual and Quarterly Financials
Full year 2025 revenue $34.6B, up 34% year-over-year; Q4 2025 revenue $10.3B, up 34% YoY and ~11% sequentially. Full year EPS $4.17, up 26% YoY; Q4 diluted EPS $1.53, up 40% YoY. Gross margin for the year 52%; Q4 non-GAAP gross margin 57% (adjusted gross margin ~55% excluding one-time inventory reserve release).
Record Profitability and Cash Generation
Q4 net income $2.5B (up 42% YoY). Q4 free cash flow nearly doubled YoY to a record $2.1B; cash from continuing operations in Q4 $2.3B. Returned $1.3B to shareholders in 2025 and repurchased 12.4M shares with $9.4B remaining authorization.
Data Center Segment Strength and Growth Outlook
Q4 data center revenue $5.4B, up 39% YoY and 24% sequentially; data center operating income $1.8B (33% of revenue) vs $1.2B a year ago. Management expects data center segment revenue to grow >60% annually over the next 3–5 years and to scale AI business to 'tens of billions' by 2027.
EPYC Server Momentum and Cloud Adoption
Fifth-gen EPYC (Turin) accounted for more than half of server revenue in the quarter; robust fourth-gen EPYC sales continue. EPYC-powered public cloud instances increased >50% YoY to nearly 1,600 in 2025; hyperscalers launched >230 new AMD instances in Q4 and >500 AMD-based instances in 2025.
Instinct GPU / AI Product Ramp and Software Ecosystem
Record Instinct GPU revenue in Q4 led by MI350-series ramp; MI308 contributed some China revenue. Management detailed expanding MI350 deployments, day-zero model support on ROCm, integrations (e.g., VLLM), enterprise AI suite launch, strategic partnerships (e.g., TCS), and roadmap progress toward MI400/Helios (ramping 2H26) and MI500 (targeted 2027).
Client & Ryzen Momentum
Q4 client & gaming revenue $3.9B, up 37% YoY; client (PC processor) revenue $3.1B, up 34% YoY and 13% sequentially. Desktop CPU sales set a record for the fourth consecutive quarter; mobile and commercial (enterprise) Ryzen adoption accelerated, with commercial Ryzen sell-through up >40% YoY in Q4.
Gaming and Product Innovations
Gaming revenue grew 50% YoY to $843M in Q4 (holiday GPU demand and semi-custom contribution). Product launches included Radeon RX 9000 series sell-through and FSR4 Redstone (AI upscaling). Valve and Microsoft console partnerships progressing (Valve shipping early, Xbox next-gen on track for 2027).
Embedded Design Wins and Product Expansion
Embedded revenue $950M in Q4, up 3% YoY and 11% sequentially. Record $17B in design wins in 2025 (up ~20% YoY); cumulative embedded design wins since Xilinx acquisition exceed $50B. New embedded SoCs (Versal AI Edge Gen2, Spartan UltraScale Plus) and CPU families launched to broaden TAM.
AMD Earnings History
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
AMD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $242.11 | $200.19 | -17.31% |
Nov 04, 2025 | $250.05 | $256.33 | +2.51% |
Aug 05, 2025 | $174.31 | $163.12 | -6.42% |
May 06, 2025 | $98.62 | $100.36 | +1.76% |
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.
FAQ
When does Advanced Micro Devices (AMD) report earnings?
Advanced Micro Devices (AMD) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Advanced Micro Devices (AMD) earnings time?
Advanced Micro Devices (AMD) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMD EPS forecast?
AMD EPS forecast for the fiscal quarter 2026 (Q1) is 1.27.
