AMD reported record second quarter 2026 revenue of $11.5 billion with 50 percent year-over-year growth, driven by data c

AMD announced second quarter 2026 financial results on August 4, 2026. Second quarter revenue reached $11.5 billion, representing a 50 percent increase year-over-year. Gross margin was 54 percent on a GAAP basis and 56 percent on a non-GAAP basis. Operating income was $2.0 billion under GAAP and $3.1 billion non-GAAP. Net income was $2.3 billion under GAAP and $2.8 billion non-GAAP. Diluted earnings per share were $1.38 on a GAAP basis and $1.66 non-GAAP.

Dr. Lisa Su, AMD chair and CEO, stated that the company delivered an excellent quarter with record revenue and profitability, with data center revenue more than doubling year-over-year. She noted that AMD enters the second half with strong momentum as EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp. Su further commented that AI is driving significant expansion in demand for compute across all of AMD's markets, and that the company's leadership portfolio and growing customer visibility position it well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead.

Jean Hu, AMD executive vice president, chief financial officer and treasurer, reported that the data center business represented 58 percent of company revenue in the quarter and expects data center sales to accelerate in the second half of 2026, driving stronger overall revenue growth and continued earnings expansion.

For the third quarter of 2026, AMD expects revenue to be approximately $13 billion, plus or minus $300 million. The midpoint of this range represents year-over-year growth of approximately 41 percent and a sequential increase of approximately 13 percent. Non-GAAP gross margin is expected to be approximately 56 percent.