Advanced Micro Devices, Inc. earnings overview

AMD FY2026 Q1 · Calendar Q2 2026

Advanced Micro Devices, Inc.

AMD's Q1 2026 results mark a structural acceleration in its AI-driven data center business. Revenue grew 38% year-over-year to $10.3 billion, beating consensus on both EPS ($1.37 vs $1.29) and revenue ($10.25B vs $9.90B). Data center revenue rose 57% YoY, with EPYC server CPU revenue up over 50% and Instinct GPUs posting double-digit growth. Management raised guidance, projecting Q2 revenue of approximately $11.2 billion (+46% YoY) and server CPU revenue growth above 70% YoY. The company expanded its server CPU TAM projection to over $120 billion by 2030 (growing at over 35% CAGR, up from the prior 18% CAGR) and deepened its AI partnership with Meta for up to 6 GW of Instinct GPU deployments including a custom MI450. Free cash flow tripled to a record $2.6 billion. The market responded forcefully, with the stock rising approximately 18.6% on the report and drifting an additional 24%…